OTTAWA, March 7, 2014 /CNW/ - As tuition fees continue to outpace
increases in wages, women are left carrying student debt loads
significantly longer than their male counterparts.
"International Women's Day is an opportunity to commemorate women's
struggle for equity and to reflect on the barriers women are still
facing today," said Jessica McCormick, National Chairperson of the
Canadian Federation of Students. "The rising cost of post-secondary
education and the resulting student debt, when coupled with the
persisting wage gap, prevents many qualified women from receiving the
full benefits of a post-secondary education."
Despite women's advancement in education, a new Statistics Canada report
outlines that even with the same amount of time spent in the workforce,
women earn significantly less than their male peers throughout the
course of their career. In an economy where 7000 jobs were lost last
month, women are also ten percent less likely to find a job than men.
The wage gap results in women who graduate with student debt taking
longer to pay off loans. With accumulated interest, women who need to
borrow to cover the cost of a post-secondary education end up paying
more than men.
"When addressing the direct effects of a society that has not reached
gender equity, the realities of students owing over $15 billion in
student debt cannot be downplayed," said McCormick. "Creating a more
just and equitable society must include making access to post-secondary
education a priority and immediately taking steps to reduce the up
front financial barriers."
The Canadian Federation of Students is Canada's largest student
organisation, uniting more that one-half million students in all ten
provinces. The Canadian Federation of Students and its predecessor
organisations have represented students in Canada since 1927.
SOURCE: Canadian Federation of Students
For further information:
Jessica McCormick, National Chairperson, (613) 232-7394