Posted on 06/29/2023 3:57:03 AM PDT by Oldeconomybuyer
... As millions of borrowers anxiously await a looming Supreme Court opinion that will decide whether President Biden’s student loan forgiveness is constitutional, a subset of that population finds themselves especially eager to hear the news: women. Women hold nearly two-thirds of the country’s student loan debt, owing $929 billion of the $1.54 trillion student debt, according to the American Association of University Women (AAUW).
“That’s a pretty substantial amount of money that women are taking on in many cases to just sort of achieve what men don’t even need to have a degree to achieve,” Gloria L. Blackwell, CEO of AAUW, tells TIME.
Although women make up more than half of the college educated labor force, per the Pew Research Center, women still face barriers to paying off their loans due to the gender wage gap, a lack of generational wealth and gender norms placed on women.
Black women are particularly affected by student loan debt, owing an average of $37,558 compared to the $29,862 white men owe and $31,346 white women owe.
“What we hear from women is oftentimes, ‘I went to grad school because I needed to make up for the gender pay gap.’ Or, ‘I went because I’m a woman of color, and I’m often paid less than my white and male counterparts,’” she tells TIME.
And the lack of familial support faces an additional barrier for borrowers who come from low-income backgrounds. Calazans says that the lack of generational wealth makes it difficult to pay for not only tuition, but also additional costs like books, supplies and transportation. “For a lot of people who don’t come from generational wealth, it is tough because it’s not just tuition, right? It’s a cost of living,” Calazans adds.
(Excerpt) Read more at time.com ...
This NEVER made any sense to me....it's a GIMMICK for VOTES for BIDEN!
Black women are particularly affected by student loan debt, this under the guise of ALL WOMEN WILL SUFFER. They got thier message across
I think they are trying to tell this as yet another way in which the Patriarchy keeps women down.
Tough. What are women studying? I’m positive they are all in engineering, business, and science programs. /s
America would be better off if they were married, barefoot and pregnant. Yes, seriously. Most women study leftist junk in college. Just about anything is better than that.
of course...after all, the World needs more side line reporters....and air headed news anchors.
Just like clockwork, every election. They’ve been promising this every election for decades.
Then... YOINK!!! oops, maybe next election....
Asteroid to crash onto Earth... Women and children hardest hit...
if you took away every female doctor, lawyer, politician, or journalist, the United States would get along just fine. This is all being done to “prove a point”....and its stupid.
What utter bullshit!
The Supreme Court really needs to get this one right.
There is no way this is not a budgetary allocation, and therefore there is no way that the president can do this on his own. It should be an easy decision for the sentient justices.
College professors at legitimate schools are not complaining these days. They know they have one of the greatest scams in history going.
Who cares.
SOOO tired of “women and minorities hardest hit”.
Here’s an idea, DEMAND that the universities lower thier cost for a degree.
DEMAND that the price a degree based on the real world market. If you can’t get a job in your chosen field for more than 40k a year, And your 65k in debt, Then they charged you too damned much.
The teaching faculty-to-student ratios are about the same as they have always been.
When I went to college, we had a Dean of Men and a Dean of Women.
Now they have 57 different deans, one for each of the different genders that they claim exist.
It's college/university administration that has become bloated, dysfunctional and grossly overpaid. One of the ways (besides tuition inflation) that they pay for this is using a lot of part-time faculty, which they underpay.
Shame on the universities and colleges that sell unmarketable degrees in exchange for loan money that no sane person could ever imagine is repayable.
It’s predatory.
Exactly. If the President can pick and choose how government funds are spent, there's NOTHING they can dream up--they can spend funds on ANYTHING. Any cause at the moment where they believe it'll help them politically.
No.
My Dad set me straight about the whole affair, he said: "You didn't learn anything practical in those classrooms, but you *did* learn how to become a critical thinker". Dad was right.
That's not how life or our Constitution works.
Your choices = Your consequences.
Fact.
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