Female faces of student loan debt
Student loan debt may not be exclusive to gender, but women have a tougher time paying it off than men.
Women earn just under 80 cents on the dollar compared with men, according to the U.S. Census Bureau, and they’re paying more out of their pockets to service debt. One year after graduation, 47% of women working full time were using more than 8% of their earnings to repay their student loans, compared with 39% of men, according to a 2012 report by the American Association of University Women. Eight percent or less is, according to the report, how much borrowers could reasonably manage to pay toward student loan debt. Read more...
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