– Investopdia published this article
“Americans carry an estimated $1.5 trillion in student loan debt, and nearly two-thirds of that amount, or $929 billion, is held by women.1
The figures come from the American Association of University Women. The association also found that Black women finish their undergraduate education with more debt than all other graduates. Meanwhile, women who attend for-profit colleges wind up owing far more than those who attend public or private (not-for-profit) four-year schools.1
There could be several explanations as to why women leave school with more debt. Chief among them are a persistent gender wage gap, the number of women seeking four-year degrees compared to men, and the comparative levels of financial literacy.” read more…
AAUW Research in 2021 shows the Debt Problem for Women and Women of Color
“Even in the healthy economy of 2017, 23.5% of female graduates (versus 16% of male graduates) indicated that they could not afford food, housing, utilities or medical care at some point over the previous year.8 Saddled with student debt and facing a historically difficult labor market, young women will likely be forced to choose between basic necessities and defaulting on their loans.”
