Around the globe, 10% of women do not attend school due to financial, cultural and transportation issues, which pose serious threats to women’s mental and physical health according to a study done by the World Bank.
It is crucial that we allow women with issues of financial instability to gain access to these environments, by collaborating to provide funding that we can put toward educational opportunities for women.
Referencing a study done by the American Institute for Boys and Men, women are over 10% more likely to graduate from four-year institutions than men, but women who do not and have not attended college are 5% more likely than men to claim the reason for not doing so is because they cannot afford it.
Women are also 6% more likely to accumulate student debt than men are, according to an article by the American Association of University Women, and women have compiled over 60% of all student debt, due to gender inequalities within pricing, and to the fact that women are less likely to have as much information on financial topics as men, because of gender stereotypes regarding financial expectations.
Additionally, because of the gender wage gap, it can take women up to two years longer to pay off any student debt they may accumulate than men, as this gap can amount to up to 16%, as stated in a report from the Education Data Initiative.
By generating funds to put toward women’s education, we will be able to provide these women with the opportunity of access to this education, not only for themselves but for their families in years to come.
