As students ask themselves if they dare take on the student loans they’ll need for college, the questions are especially critical for women.
More women than men are going to college, and women are earning higher grades on average. But a year after graduating from college, they are earning less in their jobs than men who graduated when they did. Their lower salaries typically follow women throughout their careers, as raises build on the previous level of pay, according to a report by the American Association of University Women.
With lower pay than men, women could have a tougher time handling the same amount of student debt.
Researchers Christianne Corbett and Catherine Hill used 2009 data from the U.S. Department of Education’s National Center for Education Statistics and found that one year after graduating with a bachelor’s degree, women were earning 82 percent of what their male peers were earning.
Women working full time earned $35,296 on average, while men working full time earned $42,918.