Women may be closing the gender gap in some professions, but business is not one of them.
While obtaining an MBA is normally seen as a surefire way to gain financial and career success, recent statistics show that women with this high-powered degree lag behind their male counterparts in terms of salary. Compared to a decade ago, the MBA gender wage gap has actually widened.
Student loan debt is almost impossible to escape, as many borrowers know all too well. In response to the current problem of borrowers buried under heavy payments and high interest rates, Congressman Tom Petri (R-Wisconsin) recently introduced the Earnings Contingent Education Loans (ExCEL) Act of 2012.
Petri contends that his bill protects borrowers against payments they cannot afford while also ensuring that taxpayers don’t have to subsidize defaulted loans or the cost of loan collection.