Many financially distressed students who qualify for federal assistance plans with interest moratorium and principal forgiveness instead accrue interest over long periods of nonpayment. This loan mismanagement is associated with higher delinquency. Mismanagement varies significantly across student gender and race: it is more prominent among male and non-white students. Mismanagement also varies across loan servicers, depending on proxies for student-adverse servicer policies. We consider explanations based on student selection and servicer treatment for loan mismanagement. Student financial literacy plays an important role but variation in treatment on the part of loan servicers appears more important.

中文翻译：

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谁对学生贷款管理不善，为什么？

许多经济困难的学生有资格享受暂停利息和本金减免的联邦援助计划，但长期不还款却会产生利息。这种贷款管理不善与较高的拖欠率有关。管理不善的情况因学生性别和种族的不同而存在显着差异：在男性和非白人学生中更为突出。不同贷款服务机构的管理不善情况也各不相同，具体取决于不利于学生的服务机构政策的代理情况。我们考虑基于学生选择和服务商处理贷款管理不善的解释。学生的金融知识发挥着重要作用，但贷款服务机构的待遇差异似乎更为重要。