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Why American Women Hold 2/3rd of the Student Debt

As of mid-May, the U.S. national student loan debt reached $1.5 trillion, the highest it has ever been. According to a report from the American Association of University Women (AAUW), two-thirds of this debt, nearly $900 billion was accrued by women. While there are many elements at play in this statistic, studies show it largely has to do with the gender wage gap, the number of women attending universities or colleges compared to men, and the comparative levels of financial literacy.

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