ERIC Number: ED606214
Record Type: Non-Journal
Publication Date: 2020
Pages: 4
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Deeper in Debt: Women and Student Loans in the Time of COVID
American Association of University Women
This is an update to the report "Deeper in Debt: Women and Student Loans." Americans today carry $1.54 trillion in student loan debt. That number has more than doubled over the last decade--increasing at nearly six times the rate of inflation. Women are particularly burdened, holding nearly two-thirds of all outstanding loans--around $929 billion. Even before coronavirus upended the global economy, the gender wage gap made it harder for women to repay their student loans. More women than men reported difficulty making payments during the first year after graduation (23.2% vs 21%, respectively). The global economic shutdown will only exacerbate the student debt problem. Record-high unemployment, the loss of supplementary income and inadequate benefits will make it harder for recent graduates--and for women in particular--to pay back their student loans. [For the original report, see ED580345.]
Descriptors: Debt (Financial), Females, Student Loan Programs, College Students, College Graduates, Paying for College, Loan Repayment, Gender Differences, Higher Education, Loan Default, African American Students, Asian American Students, Hispanic American Students, Educational Legislation, Sex Fairness, Federal Aid, Grants, Salary Wage Differentials, Employed Women, White Students, First Generation College Students, Proprietary Schools, Public Colleges, Private Colleges, Public Health, Crisis Management, Economic Climate, Insurance, Unemployment, Federal Legislation, Equal Education, COVID-19, Pandemics
American Association of University Women. 1111 Sixteenth Street NW, Washington, DC 20036. Tel: 800-326-2289; Tel: 202-728-7602; Fax: 202-463-7169; e-mail: foundation@aauw.org; Web site: http://www.aauw.org
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: American Association of University Women
Identifiers - Laws, Policies, & Programs: Coronavirus Aid Relief and Economic Security Act 2020
Grant or Contract Numbers: N/A