Question: Default on student loan debt is a growing problem. Which of the following is evidence to support the idea that overconfidence may be causing consumers

Default on student loan debt is a growing problem. Which of the following is evidence to support the idea that overconfidence may be causing consumers to make psychologically biased decisions regarding post-secondary attendance and borrowing.

Group of answer choices

Students say they are overconfident

Students change majors often

Default rates are highest among those with the least student debt

Default rates are highest among those with the most student debt

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