Constantine Yannelis Chicago Booth Associate Professor of Finance Photo


Chicago college students worry after Supreme Court strikes down Biden's loan forgiveness plan, ABC 7 News, July 2023

Professor Constantine Yannelis on inflation NBC News Now, NBC News, September 2022

Professor Constantine Yannelis on student loan forgiveness NBC News Now, NBC News, August 2022

University of Chicago professor weighs in on the effects of student loan forgiveness, CBS News, August 2022

Biden cancels up to $20,000 in student loan debt for millions of Americans, extends payment pause, CBS News, August 2022

Millions of Borrowers Prepare to Resume Student Loan Payments Feb. 1, The National Desk, December 2021

Who would benefit most from universal student-debt forgiveness?, Chicago Booth Review, June 2021

Virtual Harper Lecture: Policy Options for Student Loans, June 2021

Durbin, Duckworth call on Biden to extend pause on student loan payments, June 2021

Student Loan Senate Testimony for Committee on Banking, Housing and Urban Affairs, April 2021

Millions of Americans saddled with student debt as debate continues over relief, PBS, March 2021

Should the Federal Government Cancel Student Loan Debt?, WTTV, February 2021

A 150-year old bank failure may still be haunting Black communities, Chicago Booth Review, July 2020

The Challenge for Business in the Age of COVID-19, Chicago Booth Review, April 2020

Have Real Time Data Helped Us Address the Crisis?, Chicago Booth Review, April 2020

Policymaking at a Time of Uncertainty, Chicago Booth Review, April 2020

How Has COVID-19 Shaped Consumer Behavior?, Chicago Booth Review, April 2020

How Student Debt May Foster Homeownership, Chicago Booth Review, March 2019

The Rise of Student Loan Debt, MSNBC Morning Joe, June 2016

The Facts Behind the Student Debt Crisis, Brookings Institution, September 2015


The Case for Pausing, Not Canceling, Student Debt, Chicago Booth Review, May 2024

The Knotty Economics of Student Loan Debt, Knowable Magazine, September 2023

Counting the Costs of Education, Money Talks from The Economist, August 2023

How Debt Relief Raised Debts: The Untold Story of the Student Loan Moratorium, The Pie, July 2023

When Good Debt Goes Bad, Becker Friedman Institute, February 2021

How Do You Solve A Problem Like Student Debt?, Capitalisn't, December 2020

Navigating Uncertainty, Becker Friedman Institute, August 2020

Meet the COVID-19 Consumer, Becker Friedman Institute, June 2020

Interview with Constantine Yannelis, Chicago Business, May 2019

Data Diving with a Student Loan Economist, Earnest, October 2015


Is High Student Loan Debt Always a Problem?, (with Adam Looney) SIEPR Policy Brief, July 2016

Did the 2013 Federal Government Shutdown Severely Damage the US Economy?, (with Scott Baker) SIEPR Policy Brief, September 2014


Wall Street Journal

Paying Student Loans Again Could Feel Like a 5% Pay Cut, Wall Street Journal, July 2023

Progressives Love Regressive Biden Student Loan Scam, Wall Street Journal, October 3, 2022

Biden’s Student-Debt-Forgiveness Plan May Cost Up to $1 Trillion, Challenging Deficit Goals, Wall Street Journal, September 5, 2022

Biden Decision on Student-Loan Forgiveness Unlikely Until Later in Summer, Officials Say, Wall Street Journal, June 6, 2022

Older Americans, Flush With Housing and Stock Portfolio Wealth, Poised to Revive Spending This Year, Wall Street Journal, March 20, 2022

Why Student Debt Keeps Growing—Even When Borrowers Keep Paying, Wall Street Journal, December 31, 2021

The Great Student Loan Scam, Wall Street Journal, February 9, 2021

On Student Debt, Biden Must Decide Whose Loans to Cancel, Wall Street Journal, December 7 2020

‘Just a Start,’ Wall Street Journal, December 1 2020

Student Loan Losses Seen Costing U.S. More Than $400 Billion, Wall Street Journal, November 21 2020

The Student Loan Crisis Led to a Debt Strike. Experts Have Other Ideas, Wall Street Journal, November 9 2020

For Economy, Worst of Coronavirus Shutdowns May Be Over, Wall Street Journal, May 25 2020

For Small Businesses With High Rents, Coronavirus Aid Falls Short, Wall Street Journal, May 1 2020

Small-Business Loan Program Resumes With Reports of Delays, Wall Street Journal, April 27 2020

Warren Probes Apollo and KKR on Backing For-Profit Colleges, Wall Street Journal, September 18 2019

Student-Debt Forgiveness Is a Wonderful Boon, Until the IRS Comes Calling, Wall Street Journal, June 24 2018

Jumbo Loans are the New Threat in US Student Debt Market, Wall Street Journal, February 16 2018

Should Anyone be Eligible for Student Loans?, Wall Street Journal, December 6 2015

Student Loans Could Use Some Market Discipline, Wall Street Journal, September 18 2015

For-Profit Schools Behind Student Loan Defaults, Paper Says, Wall Street Journal, September 10 2015

New York Times

Will Restart of Student Loan Payments Be the Last Straw for Consumers?, The New York Times, September 15, 2023

The End of Biden's Student Loan Forgiveness Is a "Five-Alarm Fire, The New York Times, June 30, 2023

Student Loan Pause is Ending, With Consequences for Economy, The New York Times, June 21, 2023

Private Equity is Gutting America — and Getting Away With It, The New York Times, April 28, 2023

Biden Student Loan Plan Squarely Targets the Middle Class, The New York Times, August 25, 2022

Where the Small-Business Relief Loans Have Gone, The New York Times, May 7, 2020

Push for Profits Left Nursing Homes Struggling to Provide Care, The New York Times, May 7, 2020

For-Profit Colleges Accused of Fraud Still Receive US Funds, The New York Times, October 25, 2015

New Data Give Clearer Picture of Student Loan Debt, New York Times, September 10, 2015

When Picasso and Klee Were Very Young, New York Times, June 18, 2006

Washington Post

Opinion: Student loans prove you can’t have it both ways. Washington Post, May 22, 2023

Opinion: A New Year’s goal for progressives: Stop advocating bailouts for rich people, Washington Post, December 31, 2020

The best way to forgive student debt is to focus on those who need it most, Washington Post, December 28, 2020

Forgiving Student Loans the Wrong Way Will Only Worsen Inequality, Washington Post, December 3 2020

Trump, Congress Pursue Second Round of $1,200 Stimulus Checks in Effort to Revive Huge Federal Aid Program, Washington Post, October 9 2020

U.S. Loans Didn’t Flow to Businesses Most at Risk, Study Shows Washington Post, May 1 2020

Public Companies Received $1 billion in Stimulus Funds Meant for Small Businesses Washington Post, January 21 2019

Federal Shutdown Continues Washington Post, January 21 2019

Four Tough Things Columnists Should do Before Writing About Universities Washington Post, November 30 2015

These are the Schools Driving America's Student Loan Crisis, Washington Post, September 10 2015

Economist, FT and UK Press

What is the Value of a College Degree, The Economist, August 24, 2023

The Moratorium on Repaying Student Loans in America Was a Bad Idea, The Economist, June 1, 2023

How US student loan debt has weighed down a generation of borrowers, The Financial Times, August 27, 2022

Buyouts may be bad for your health, Financial Times, January 6, 2021

For-Profit US Care Homes ‘Decimated’ by Coronavirus, Financial Times, May 5, 2020

How the Covid-19 Pandemic is Changing Americans’ Spending Habits, The Economist, April 9, 2020

American Government Workers Are Feeling the Shutdown's Financial Impact, The Economist, January 23, 2019

Government Shutdown, Express, January 23, 2019

More Present Than Correct, The Economist, October 8, 2016

Should You Change Your Name to Get a Job? BBC, September 16, 2016

US Student Debt: Lessons to Last a Lifetime, Financial Times, February 28 2016

(The Right Sort of) Help Wanted, The Economist, June 11 2014

Chicago Press

Illinois' student loan borrowers face a return to reality, Crain's Chicago Business, June 9, 2023

Biden student loan forgiveness plan is not enough, some borrowers say, ABC Chicago, August 24, 2022

Illinois Will Feel Weight of Student Loans Decision More than Most States, Crain's Chicago Business, August 23, 2022

Steve Chapman: Write off Student Loans? There's a Better Solution, Chicago Tribune, April 29. 2022

Jill on Money: Who benefits from student loan forgiveness? It’s complicated, Chicago Tribune, December 31, 2020

Canceling all US student debt would mostly benefit high earners, Chicago Booth Review, December 14, 2020

Chicago-Area Grocers Stock Up to Ward Off Shortages as COVID-19 Cases Rise. ‘We’re Always Chasing One Thing to the Next.’ Chicago Tribune, October 23 2020

Small-Business Loans Didn’t Reach Their Targets, Chicago Booth Review, May 2020

The Impact of COVID-19, Chicago Booth Review, April 2020

Who Stocked Up Before COVID-19 Hit, Chicago Booth Review, April 2020

The Challenge of Businesses in a Time of COVID-19, Chicago Booth Review, April 2020

Policy Making in a Time of Uncertainty, Chicago Booth Review, April 2020

Household Spending Swings Dramatically in Reaction to Coronavirus, University of Chicago News, April 2020

Student Loans can Spur More Homeownership, Chicago Booth Review, January 2019

CPS Wants Students to Plan for the Future. But It Could Backfire, Chicago Magazine, April 2017

For the Answer to Mounting Student Debt, Look to New Zealand and Australia, Chicago Business, March 26 2016

Business Press

Student Loan Borrowers Reveal Grim Expectations for Payment Resumption, Morning Consult, June 8, 2023

Erasing Student Loan Debt Could Disproportionately Benefit Wealthy Americans, Fox Business, May 2, 2022

Biden’s Student Loan Freeze Shows Path to Erase Billions of Debt, Bloomberg, January 22, 2021

Biden’s Plan to Forgive Student Debt Could Have Limited Economic Benefits, and Carry Risks, CNBC, December 6 2020

Cancel Student Loans Would Benefit This Group More Than Anyone Else, Forbes, December 3 2020

Warren Presses Fed Chairman on Need to Cancel Student Loan Debt, Fox Business, December 1 2020

Hardest-Hit States, Once Shortchanged on Small-Business Aid, Are Catching Up, Bloomberg, May 20 2020

New Stimulus Needed: $1,200 Check Had Little Impact On Economy, Forbes, May 15 2020

U.S. Loans Didn’t Flow to Businesses Most at Risk, Study Shows, Bloomberg, April 27 2020

At This Rate, It Will Take 100 Years to Pay America's Student Debt, Bloomberg, August 19 2019

Borrowing to Pay for Your Child's College is a Bad Idea, Forbes, November 30 2018

When Private Equity Wins and Consumers Lose, Institutional Investor, September 4 2018

Taxpayers May Lose on High-Balance Student Loans, Institutional Investor, Febuary 20 2018

Equity vs Efficiency: Downsizing Student Loans, Forbes, December 7 2015

Default Spike in Student Debt Driven by Unconventional Borrowers, Bloomberg, September 10 2015

Setting the Student Loan Record Straight, Forbes, September 15 2015

Other Press

Student Loan Repayments have Resumed. Here's 4 Charts that Break Down American Educational Debt, CNN Politics, October 2023

Will the Economy Finally Un-weird Itself?, Vox, September 2023

How Restarting Student Loan Payments Could Change Millions of Lives — And The Economy, FiveThirtyEight, August 2023

Thousands of local borrowers in limbo after Supreme Court’s ruling on student debt forgiveness, WGLT, August 2023

"Dave, I Was Wrong", The Ramsey Show, July 2023

Student Loans: How will the restart in payments affect the economy? Experts are split, Yahoo, June 2023

What will the end of the pause on student loan payments mean for retailers?, Marketplace, April 2023

Biden Taking A Regulatory Swipe At The Small Percentage of Private Equity Investment in Senior Care, Yahoo, February 2023

Student loan bailout is ‘bad economics,’ finance professors argue, The College Fix, August 2022

When Private Equity Takes Over a Nursing Home, The New Yorker, August 2022

Canceling Student Loan Debt Would Really Only Benefit the Well-Off, U.S. News & World Report, August 2022

Canceling student debt for everyone is bad policy and bad economics, The Hill, July 2022

Interactive: Canceling 10K of Student Debt Will Help Wealthy, White the Most, NBC Boston, June 2022

Opinion | Biden’s About to Make a Big Mistake on Student Loans, Politico, May 2022

Student loan forgiveness proves Democrats are the party of the rich, The New York Post, March 2022

Millions of borrowers prepare to resume student loan payments Feb. 1, The National Desk, December 2021

Private equity ownership is killing people at nursing homes, Vox, February 22, 2021

Democratic plan to forgive student loans could raise tuition and hurt those at the bottom, NBC Think, February 19, 2021

Sen. Bill Cassidy: Cancel student debt? Better solutions exist – here are answers Republicans should offer, Fox News, February 16, 2021

Student-Debt Cancellation Stands Its Best Chance Yet. But Would It Advance Social Justice?, The Chronicle of Higher Education, January 14, 2021

Righting a Backwards Policy: Making Sure the Second Stimulus Checks Reach the Hardest Hit Illinoisans, New America, January 8, 2021

"It isn't even really a stimulus in my opinion": Economists lament paltry $600 checks to citizens, Salon, December 22, 2020

Betsy DeVos Rips Democrats Who Push Free College Tuition: 'We Know Somebody Has to Pay for It,' Fox News, December 2 2020

Would Canceling $10,000 in Student Debt Really Help That Much? Marketplace, November 23 2020

This is How Fast Americans are Spending Their Stimulus Checks — and Here’s a Breakdown of What They’re Buying, MarketWatch, May 15, 2020

'A License for Neglect.' Nursing Homes Are Seeking — and Winning — Immunity Amid the Coronavirus Pandemic, Time, May 14, 2020

Here's a State-by-State Breakdown of PPP Funding — And How Far it Went, Money, May 14, 2020

The Paycheck Protection Program, Meant to Prevent Mass Layoffs, Missed Its Target, Pro-Market, May 14, 2020

Student Loans Aren't Working, Reason, May, 2020

Small Business Loans are Not Going Proportionately to the Hardest-Hit Areas, CNBC, May 6, 2020

MIT Sloan Researchh About the Coronavirus Pandemic, MIT Sloan, April 23, 2020

From Borrowing to Stockpiling: How The Virus Outbreak Changed American Household Consumption, Pro-Market, April 6, 2020

How a Simple Tweak to a Federal Form Could Help Borrowers Potentially Avoid Defaulting on Student Loans , Pro-Market, October 2, 2019

Elizabeth Warren's Latest Private Equity Target: For-Profit Colleges, PitchBook, September 19, 2019

Morning Education, Politico, September 17, 2019

The Student Loan Bubble, CNBC, September 21, 2018

Who's Afraid of the Student Debt Crisis?, Boston Review, December 20, 2016

For-Profit Colleges Account for a Third of All Federal Student Loan Defaults, Fortune, September 16, 2016

Share the Risk on Student Loans, AEI, September 7, 2016

Student Loans Put Crimp in Grads' Lives, Kearney Hub, June 10, 2016

Is there a Student Debt Crisis?, Inside Sources, June 8, 2016

More Evidence that the Sky is Not Falling Due to Student Loan Debt, AEI, May 3, 2016

The Trouble with Student Loans? Low Earnings, Not High Debt, Brookings Institution, January 7 2016

Unpaid Student Loans Result in Education Crisis, iSchoolGuide, November 19 2015

Balancing Risk and Responsibility, AEI, November 17 2015

A Crisis of Value, US News, November 17 2015

Democrats Push Arne Duncan to Aid Defrauded For-Profit College Students, Huffington Post, November 11 2015

Offering Free College is a Well-Meaning But Bad Idea, Midland Reporter Telegram, November 18 2015
The Rise and Fall of For-Profit Schools, The New Yorker, October 25 2015

Student Loans Burden Doesn't Explain Low Millenial Homeownership, Housing Wire, September 30 2015

Low Income Students at Wealthiest Schools Have High Debt Burden, ACA International, September 17 2015

Remarks by Deputy Secretary Sarah Bloom Raskin at At the Rappaport Center For Law and Public Policy Conference On The Student Debt Crisis, Treasury Press Center, September 2015

Remarks by Deputy Secretary Sarah Bloom Raskin at the National Foundation for Credit Counseling 50th Annual Leaders’ Conference, Treasury Press Center, September 2015

The Empty Promise of For-Profit Colleges, The Atlantic, September 15 2015

These Student Loans May Be Worse Than Subprime Mortgages, Market Watch, September 15 2015

Study: Student Loan Crisis? Not Among 4-Year College Grads With Supportive Families, Breitbart, September 14 2015

The Schools Driving America's Student Loan Crisis, Daily Herald, September 13 2015

The Biggest Problem with Student Loans, National Review, September 13 2015

Take a Look at the Real Student Debt Crisis, Market Watch, September 11 2015

Rise in Student Loan Defaults Driven by For-Profit Colleges, Study Says, LA Times, September 11 2015

Research Paints a Clearer Portrait of Student Debt, Kansas City Star September 11 2015

Trump Won't Solve the Student Debt Crisis, Our Future September 11 2015

For-Profit Colleges Lead Way on Loan Default, Consumerist September 11 2015

Rise in Student Loan Defaults Driven by For-Profit Colleges, Gos Angeleno, September 11 2015

Recent Federal Student Loans Look a Lot Like Subprime Mortgages, Huffington Post, September 10 2015

There Might be a Student Loan Crisis--But Not Where You Think, Vox, September 10 2015

US Government Finally Sheds Light of Student Loan Debt, Urban Institute, September 10 2015

New Data Give a Clear Picture of Student Debt, SFGate, September 10 2015

Student Loan Crisis Driven by Unprepared Students Turning to For-Profits: Study, Washington Examiner, September 10 2015

The Schools Driving America's Student Loan Crisis, Bend Herald September 10 2015

Estudio Diglosa Deudas de Prestamos Estudiantiles en EU, El Diaro, September 10 2015

Student Loan Debt has Doubled, Politifact, August 14 2015

Stanford Economist say 2013 Government Shutdown Affected Federal Workers , Sierra Sun Times, September 26 2014

The 2013 Government Shutdown Affected Federal Workers and the US Economy, Stanford Report September 25 2014

*This is a partial lists of media mentions of me or my research. Links to articles do not necessarily mean that I agree with or endorse with any positions expressed in the articles.