More Australian women are faced with rising student debt as the number of female enrolments continues to outpace that of men for yet another year.
Student fees are set to rise by 7.5 per cent by the year 2021, and the repayment threshold is dropping from $55,000 to $42,000 a year, which means repaying student loans is set to become more of a challenge.
Women are more likely to feel the pain of student debt, given that they tend to earn less than men and are more likely to undertake tertiary studies after high school.
According to the most recent 2016 data from the Department of Education, there were over 807,000 female tertiary enrolments, compared to 650,000 males.
Women are still earning less than men, so not only are they …
Read the full article at: https://financy.com.au/smart-tips-for-repaying-your-student-debt-fast/