“Researchers surveyed 1,000 college-educated adults across America and found that 37% of women did not understand the basics of student loans — which are things like timelines, monthly payments, interest rates, tax implications, refinancing and evaluating lenders, before they borrowed — versus only 20% of men.”

 

Overall, less than half of millennials (44%) surveyed fully understood when and how they needed to repay their student loans before taking on the debt and more than a third admitted that they didn’t comprehend the basics of student debt.