Women Have the Highest Student Loan Debt

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Photo from American Association of University Women (AAUW)

Women Have the Highest Student Loan Debt

The Federal Reserve has released new data regarding the student loan debt crisis. Per the data, out of $1.4 trillion debt pertaining to student loans, women have approximately $900 billion.

American Association of University Women (AAUW)

The AAUW provided insight as to why women carry the more debt that their male counterparts.

  • More women are attending college than men.
  • Fifty-six percent of those in college are women.
  • Women are borrowing more than men. The AAUW’s found that 41% of female undergraduates obtain student loans while only 35% of men.
  • Upon graduation, women have $2,700 more in student loan balances than males. That may be related to higher degree pursuits by females.
  • Income inequality.
  • Women may take more time off from their careers due to maternity leave and raising a family.

Attorney Alex Hernandez

Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years. (904) 712-5565 or (305)-688-LAWS (5297). *Se Habla Español

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