Sen. Elizabeth Warren is being chastised again again for repeating an oft-debunked assertion regarding women’s college debt. According to The Daily Wire, left-leaning women’s organizations have claimed for years that women had considerably more school debt than males, which is false.
“Women owe nearly two-thirds of school debt,” the Massachusetts Democrat tweeted on Thursday. Student debt cancellation will assist millions of women have a fair chance at beginning a company, saving for a home, and pursuing their aspirations. “Student debt is a matter of gender equity.”
According to the publication, women do not bear two-thirds of college debt, as The Daily Wire has previously reported (twice in the last three years). They only hold a little more than half of the total. Warren is reiterating a claim made by the Women’s March and Time’s Up, which is based on incorrect mathematics.
Warren did leave the numbers out of her tweet to avoid anyone pointing out that her arithmetic was incorrect, but her post is still incorrect. There is $1.7 trillion in student debt due, with women owing $929 billion, or 54.6 percent, rather than two-thirds.
Warren’s assertion about “gender justice” was also pointed out by the outlet, and the ramifications of Warren’s remark are equally incorrect. The tweet, as well as the Left’s history of saying women are victims, suggests that women are unfairly burdened by debt. In actuality, when it comes to student debt, women do better than males.
According to The Wall Street Journal, women account for 59.5 percent of all college students as of spring 2021, while males account for only 40.5 percent. This means that while women account for 59.5 percent of students, they only carry 54.6 percent of the debt, while males, who account for just 40.5 percent of students, hold 45.4 percent.
The outlet’s report went on to say that while women do get more degrees than males, the degrees they receive lead to lower-paying professions, according to statistics. Nine of the top ten lowest-paying jobs are held by women, whereas nine of the top ten highest-paying positions are held by men. In addition, women in major cities often earn more than their male counterparts right out of college.
Ashe Schow of The Daily Wire writes, “A recent graphic from American Enterprise Institute professor Mark Perry digs even further into the differences between men and women in several spheres of life.” “According to Perry, just 73 males acquire a bachelor’s degree for every 100 women. In addition, just 56 males receive a master’s degree for every 100 women. For doctorates, the percentages are slightly closer: 85 males obtain one for every 100 women.”
Schow goes on to quote the National Review, which noted a few years ago that government expenditure on higher education had never been higher in inflation-adjusted terms. Since 2001, it has increased by about $2,000 per student (in inflation-adjusted dollars). Pell Grant expenditure alone increased 72 percent between 2008 and 2013, according to the Foundation for Economic Education. Tuition and other expenditures have grown in lockstep with that spending, owing mostly to an increase in administrative costs.
In the 1980s, there were around twice as many academics on our college payrolls as administrators; now, the ratio is inverted, with roughly twice as many administrators and staff as instructors. Administrative expense has risen significantly in comparison to instructional spending, and both are much greater in real terms per student. According to some education commentators, as the federal government made it simpler to obtain a student loan, schools and universities gradually increased their tuition because administrators were effectively tapping into guaranteed funds.
“The more money the federal government pours into financial aid, the higher the college tuition will be.” Over the same 30 years, inflation-adjusted tuition and fees have tripled, but aid has quadrupled; aid is increasing faster than tuition. Huge quantities of money are accessible thanks to the federal government to pay for massive tuitions,” US News said in 2011.
Despite the fact that women get more degrees than males, they nevertheless earn degrees that lead to lower-paying professions after graduation. As I’ve previously stated, women dominate nine of the top ten lowest-paying majors, while men dominate nine of the top ten highest-paying majors — yet women in big cities actually out-earn their male counterparts right out of college.
A new graphic by Mark Perry of the American Enterprise Institute delves even further into the disparities between men and women in a variety of areas. According to Perry, just 73 males acquire a bachelor’s degree for every 100 women. In addition, just 56 males receive a master’s degree for every 100 women.