Women hold more student debt and take longer than men to pay it off, according to a recent report from the American Association of University Women.
“It’s encouraging that women are enrolling in college more than ever before, but at the same time they are taking on larger amounts of debt to pay for their dreams,” AAUW researcher Kevin Miller said in a press release. “Because of factors like the gender pay gap, debt that could be manageable ends up becoming unmanageable, particularly for women.”
Women now earn 57 percent of all bachelor’s degrees awarded by US colleges, but hold almost two-thirds of the country’s $1.3 trillion student debt.
Good news is on the horizon: US employers plan to amp up their hiring in the coming months, and they’re looking for college grads.
Hiring of degree holders is expected to increase by 23 percent in 2016-17, according to a recruiting trends study conducted by Michigan State University.
“Our report shows that the hiring of college graduates has been moving at warp speed for the past two years,” Phil Gardner, survey author and director of the university’s Collegiate Employment Research Institution, said in a press release. “And signs in the early fall of 2016 point again to another explosive year of hiring.”