Why American Women Hold 2/3rd of the Student Debt

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Americans carry an estimated $ 1.5 trillion in student loan debt, and nearly two-thirds of that amount, or $ 929 billion, was held by women.

The figures come from the American Association of University Women. The association also found that Black women finish their undergraduate education with more debt than all other graduates. Meanwhile, women who attend for-profit colleges wind up owing far more than those who attend public or private four-year schools.

There could be several explanations as to why women leave school with more debt. Chief among them is a persistent gender wage gap, the number of women seeking four-year degrees compared to men, and the comparative levels of financial literacy.

Read the full article on Investopedia

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