The student debt gender gap: Women burdened more by debt call for systemic changes [Whio]

The bulk of student loan debt in the U.S. has fallen on women, who today hold nearly two-thirds of all outstanding student debt, an amount that totals more than $900 billion, according to the American Association of University Women. Upon college graduation, a female graduate owes, on average, nearly $22,000 in debt, while a male graduate owes, on average, around $18,000.

In less than two decades, student debt in the United States has increased by 144%, growing from just over $640 billion in 2007 to more than $1.5 trillion today due to many factors, including policy decisions that made student loans both easier to obtain and harder to pay back, economic recessions, the rising cost of college (103% increase over the past three decades) and the shift in payment burden to families.

Click here to read the full article by Whio, and learn how this is a significant burden on women when it comes to the ways in which it impacts every aspect of their careers and their lives moving forward.

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