This essay reviews three recent books on the causes and consequences of student debt. In addition to increases in college tuition and fees, supply and resource constraints both contribute to the growing phenomenon of default: degree completion rates are relatively low, especially at two-year colleges. Default rates actually decrease with the amount of debt incurred, as students who incur more debt are more likely to complete degrees that bolster their earning power. These books suggest some promising policy options, but there are no quick fixes given that the net cost of attending both private and public colleges continues to rise.

中文翻译：

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审查学生贷款书

本文回顾了有关学生债务起因和后果的三本书。除了大学学费和杂费的增加外，供应和资源的限制都加剧了违约现象的加剧：学位完成率相对较低，尤其是两年制大学。违约率实际上随着债务的增加而降低，因为承担更多债务的学生更有可能完成能够提高其赚钱能力的学位。这些书提出了一些有前途的政策选择，但是鉴于同时进入私立和公立大学的净成本持续上升，目前没有快速解决方案。