This paper uses insights from behavioral economics to explain a particularly surprising borrowing phenomenon: One in six undergraduate students offered interest-free loans turn them down. Models of impulse control predict that students may optimally reject subsidized loans to avoid excessive consumption during school. Using the National Postsecondary Student Aid Study (NPSAS), we investigate st...

Corrected authors’ contributions MN made substantial contributions to conception and design, acquisition of data, analysis and interpretation of data, and drafted the manuscript. DA made substantial contributions to conception and design, acquisition of data, analysis and interpretation of data. MC made substantial contributions to the inception of the study, revision of the manuscript, and is ...

The aim of this paper is to review school-based interventions that have been designed to foster student wellbeing and academic performance by following a positive psychology approach that seeks to cultivate positive emotions, resilience and positive character strengths. Following the calls of the 21st century education movement for schools to incorporate student wellbeing as a focus of learning...