Alarming Gender Gap in Student Debt
A report recently released from the American Association of University Women (AAUW), which analyzed data from the U.S. Department Education from the 2015-16 school year found a distinct gender component to student debt. Women owe $890 billion of the country’s $1.48 trillion student loan debt—nearly more than double owed by men—which puts them at a financial disadvantage as they begin their careers. This statistic continues to manifest in the gender wage gap, disproportionately impacting black and Latina female college graduates. AAUW is calling on U.S. Congress to take concrete measures in addressing the gender gap in student borrowing, such as increasing aid to colleges and universities.
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