Many borrowers have difficulty repaying their federal student loans, particularly at certain institutions. This paper proposes an institutional accountability system that is intended to help align incentives of institutions with their student loan borrowers and taxpayers. Under the risk-sharing proposal, institutions with poor loan performance reimburse [...]

Cohort Repayment Rates as an Indicator of Student Success and Institutional Accountability Low- and middle-income college borrowers often struggle with economic opportunity and loan burdens after leaving school. However, some institutions, including some non-selective schools, do a good job of providing economic mobility to low-income students. This implies that [...]

In 2007, the Supreme Court declared race-conscious school admissions unconstitutional. This paper provides the first evaluation of a related federal mandate where a school district was forced to adopt a race-blind lottery system for its magnet schools. Lottery-estimated magnet school returns fall substantially under race-blind admissions. I explore a [...]