LGBTQ+ people have more federal student debt than non-LGBTQ+ people

“Information about student debt among LGBTQ adults is missing from student loan forgiveness discussions.”

A new William’s Institute study has found that LGBTQ+ adults are more likely to have federal student loan debt than non-LGBTQ+ adults.

The study found that 39% of LGBTQ+ adults have student debt totaling approximately $93 billion. Most of those loans are federal loans, and the study found that 35.4% of LGBTQ+ adults have federal loans, compared to 23.2% of non-LGBTQ+ adults.

The largest burden seems to fall on transgender adults. 51% of trans adults have federal student loans, compared to 35.9% of LBQ cisgender females and 27.9% of GBQ males.

The study found that 16% owe $50,000 or more, while 84% owe less than $50,000 in federal loans.

LGBTQ+ adults between the ages of 18 and 40 owe an average of $34,000 in federal loans and $47,500 in total student debt. In comparison, the average amount owed for all Americans is $32,731.

The overview of the study states that…

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