The 'Brookings Report' has been cited by some as a reason to doubt that student loan repayments pose a significant economic risk. The authors write, "Despite the tremendous interest in the perceived problems in the student loan market, there is relatively little empirical evidence to support the discussion." My own view is that we will see dramatic and immediate evidence of the risk should interest rates rise significantly. But we don't need my intuition; there is data showing the Brookings Report is misleading. There is, writes Phil Hill, "clear evidence that the student loan crisis is real and will have a big impact on the economy and future student decision-making."
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