Research by Professors Holger Mueller and Constantine Yannelis on the connection between housing prices and student loan default rates is featured
Excerpt from MarketWatch -- "Mueller and Yannelis’ research indicates that the policies the government offers to help borrowers avoid this outcome are somewhat effective. Federal student loan borrowers have the ability to pay back their loans according to their income. These plans also offer borrowers the opportunity to discharge their loans after at least 20 years of repayment. Mueller and Yannelis’ research indicates that these plans are at least partially successful at protecting borrowers from the income and employment shocks that can come from falling home prices -- as long as borrowers sign up for them."