Women are the ones who struggle with student loan debt the most. In fact, 2/3 of the student loan debt in this country belongs to women. Alexandria Ocasio-Cortez, Ayanna Pressley and Ilhan Omar are three of the women who were recently elected to congress. They stated that the country needs to stop ignoring the student loan debt.
Ilhan stated that people deserve to have a future that is not burdened by student loan debt. She also stated that if people are able to save on student loan debt, then they will be able to put more money back into the economy. Additionally, she said that student loan debt is dividing this country.
According to the American Association of University Women, more women are enrolling in college than men. They are also more likely to have a harder time paying off their student loan debt than men. A recent report entitled “Buried in Debt” showed that 69 percent of the people who are struggling with student loan debt are women.
Katie is one of the thousands of people who were surveyed. She stated that her student loan debt will affect her future and her children’s future. The student loan debt is keeping many people from going on vacation, buying homes and having children.
Alexis is another one of the respondents. She stated that her student loan debt is leaving her with minimal money to do anything else. Women are also facing obstacles in the workplace that men are not facing. For example, men are not hindered by the glass ceiling. Women also make $10,000 less per year than men.
Furthermore, men are more likely to get a pay raise. A small raise can make a major difference in a person’s lifetime earnings. Family and children also make it difficult for women in the workplace. Women with children are 79 percent less likely to get re-hired.