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Women Dominate Student Loan Debt

MoneyTips

America’s student loan debt burden has reached a staggering $1.44 trillion, making it the second largest source of household debt in America – behind mortgages. According to a recent study, this growing loan burden is not equally shared between the sexes.

The report from the American Association of University Women (AAUW), titled “Deeper in Debt: Women and Student Loans,” found that, as of fall 2016, women made up 56% of enrollees in America’s colleges and universities but they accounted for almost two-thirds of aggregate student debt.

The problem is evident at both ends of the collegiate experience.

On average, women are more likely to take out student loans and to incur a larger debt in completing a bachelor’s degree. Almost 44% of female undergraduates utilize student loans. Only 39% of male students take out loans, and women rack up an average student loan debt $1,500 greater than their male counterparts do.

Once they graduate and enter th…

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