College debt dogs women more than men, and has long-term financial consequences
CHICAGO — It’s a struggle each month for Khallilah Beecham-Watkins to balance her student loan payment with the expense of supporting a young family.
The 28-year-old education program specialist for a local nonprofit aspires to pay off her own college debt before her infant daughter eventually begins a four-year degree. But with a monthly childcare bill of $750, there’s little extra to put toward her loan payments, and even less to put toward the new home she wants to buy with her husband, who is also repaying student loans.
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