Personal Finance

Women Hold Two-Thirds of the Country’s Outstanding Student Loan Debt

Americans owe around $1.3 trillion (£1.02 trillion) in student loan debt, with 44 million borrowers, and the average class of 2016 grad has $37,172 (£29,102) to repay. But according to a new study, the student loan debt crisis is a women’s issue, as two-thirds of the outstanding student loan debt is held by women.

The easy explanation for this is the gender pay gap. “This report reveals that [women] also take on larger student loans than men,” says the American Association of University Women. “And because of the gender pay gap, they have less disposable income with which to repay their loans after graduating from college, so they require more time to pay back their student debt than men.”

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