Did you know that women hold 58% of all student loan debt, according to research by the Education Data Initiative? Even after 12 years of repayment, Black women owe an average of 13% more than they borrowed. Despite making higher payments, women still take an average of two years longer to pay off their student loans. (Photo contributor: Depositphotos)
The study also found that 58% of males and 70% of females who hold associate’s degrees received student loans. Female borrowers are more likely than males to have student loan debt from graduate school, but male borrowers have a higher average amount of student loan debt from graduate school.
If you’re struggling with student loan debt, check out The Student Loan Podcast. Oliver Perry, a husband, father, military veteran, real estate investor, and professional golfer, shares his journey of paying off over $40,000 in student loans.
Listen to the podcast to learn about his motivation for joining the military and how it relates to college, his hustle mindset for making minimum payments, and more.