The Massive Student Loan Debt Burden Is A Huge Financial Challenge For Women

The massive burden of student loan debt held in the U.S. is a critical financial issue for women.

“In case you missed it, graduates in the United States owe an effing fortune in student loan debt, more than $1.3 trillion. And we women, we women hold nearly two-thirds of it, averaging more than $20,000 each for a bachelor’s degree. And that’s $30,000 if you’re a woman of color. Ugh!” says Sallie Krawcheck, the CEO of women-led digital investing platform Ellevest on a new episode of MAKERS Money.

What’s more, repaying student loans takes longer for women because of the gender pay gap.

On the third episode of MAKERS Money, Krawcheck offers four pain-free tips for tackling student loan payments. She’s also joined by Tiffany Aliche, founder of personal finance blog The Budgetnista.


Source : huffingtonpost