"There's been a lot of attention paid to student loan indebtedness but very little focus has been put to the way debt impacts men and women differently," AAUW director and report co-author, Catherine Hill, told Forbes.
At the same time women suffer a pay gap after graduation, women are in greater need of a college education to ensure better career options and salary prospects.
A study by Ohio State University in the journal Gender & Society this year revealed that men without a college degree have better chances of finding a job (and a better-paying one at that) than women. The study also found that women were more likely to take out loans than men -- with 40% of women and 34% of men taking out loans annually.
"At least early in their careers, women suffer more than men if they don't have a college degree," said Rachel Dwyer, co-author of the study and associate professor of sociology at Ohio State University, in a press release. "Women will go deeper in debt to finance college because they need the degree more than men if they want to earn a good living. Men will drop out at lower levels of debt."