Women with a bachelor’s degree who work full time make 26% less than their male counterparts on average. Because of this, it takes women two years longer than men to pay back loans, on average. (AAUW Fast Facts: The Gender Pay Gap)
Black women hold the highest amount of student loan debt of any racial or gender group. AAUW reports that one year after graduation, Black women owe $10K more than other women borrowers.
One-third of women say that more than one-fourth of their monthly income goes toward student loan debt payments. (Student Debt Crisis Survey).
Conversations around student loan debt often carry stigma, but it doesn’t have to be this way. Women across the nation bravely shared their student loan debt stories with USOW.
These stories highlight structural barriers that make it difficult for women, especially women of color, to pay off their student loans. Borrowers need to know they are not alone. Each story helps build solidarity and reduce stigma.