In the US, student loan debt is a women’s issue. Here’s why.

When it comes to higher education in the US, women are doing so at a rate that surpasses men.In 2019, they earn 57 percent of bachelor’s degrees. They represented 56 percent of those enrolled in American colleges and universities in fall 2016. The significance of these achievements is amplified considering the number of women with college degrees in the 1980s was only less than half of what it is today.With all the above going for them, you would expect women to be graduating into the same, if not better, job opportunities than their male peers. However, according to a new report, this isn’t the case.Financial gender parity is not keeping up with these gains in educational attainment. Instead, more women than ever before are graduating from college but they are doing so with an unprecedented level of debt, said the American Association of University Women (AAUW).Women are graduating with US$2,739 more in student loan debt than their male peers while Black women graduating with a bachelor’s degree hold the most debt (US$30,366). This is followed by white women (US$21,993), Hispanic women ($17,369) and Asian women (US$12,580).

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