Impact of less frequent repayment on financial stress and economic outcomes.

Intent-to-treat effects of monthly repayment schedules on outcomes. Table shows OLS results for the independent variable “monthly”; Huber-White SEs and control group means are also shown. Regression in column 2 includes two additional independent variables: post-12 week dummy which is an indicator variable which equals one if survey occurred more than 12 weeks after disbursement (not reported) and the interaction of monthly and post-12 week dummy (reported).Variation in sample sizes is due to survey non-response. The Financial Stress Index, as described in Figure 1, is an unweighted average of “Worried about money,” “Not confident about repaying,” “Argue about finances,” and “Top 25 percentile of minutes spent.” Estimates where controls are used include variables listed in Panel A of Table S1.* p** p*** p