Correction to: College Costs and Credit Cards: How Student Credit Card Use Influences College Degree Attainment

Using Credit Cards to Streamline the Use of Resources

Credit Access and College Enrollment∗

Does access to credit explain the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question using two college tuition loans in Chile. Both programs offer loans to students who score above a threshold on the national college admission test, enabling a regression discontinuity design. I find that loan access implies an increase...

Credit Scores and College Investment

The private market of student loans has become an important source of college financing in the U.S. Unlike government student loans, eligibility conditions on student loans from the private market are based on the credit history of the student and the parents, who often serve as cosigners. In addition, interest rates on private loans vary significantly with credit scores (from 7.4 to 15.4 perce...

Credit Card Debt and Payment Use

Charles Sprenger and Joanna Stavins Abstract: Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so‐called “revolvers” exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of debit cards by people who carry credit card balances, ...

Credit cards and inflation

The introduction (and widespread use) of credit cards increases trading efficiency but, by also increasing the velocity of money, it causes massive inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre-credit card price levels by reducing the money supply, it will have to sacrifice all the efficiency gains. When there is default on credit cards, t...