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3 Ways to Overcome the Gender Pay Gap

According to the American Association of University Women, or AAUW, women who work full time are still paid only 80 cents compared to men’s dollar. Some groups of women take longer than others to bridge the gender pay gap each year.

While “Equal Pay Day” for all women is celebrated on April 4 as the date when women’s salaries finally catch up to men’s for work done in the prior calendar year, many women of color must continue working for several additional months before achieving symbolic parity with men’s annual earnings. The AAUW reports that just to catch up, black women must work until July 31, Native American women until September 25 and Latinas until October 31 — simply in order to make the equivalent of a man’s previous year of earnings. There’s a stiff motherhood penalty as well, as it takes working moms until May 23 each year to catch up.

[See: How to Quit Your Job Like a Class Act.]

The gender pay gap is a pervasive problem with no simple solutions. But while the law, and bosses, are slow to catch up to reality, there are still practical steps you can take to move forward to close the gap:

Follow and support equal pay legislation. The main U.S. federal law governing this arena is the Equal Pay Act. This legislation was passed in 1963 and has not been updated in over 50 years. The EPA was designed to prohibit gender-based pay discrimination by requiring employers to pay male and female employees in similar jobs the same wage. But despite good intentions, this law hasn’t been effective enough since the gender pay gap still exists, and women aren’t getting much closer to earning wages equal to what their male peers earn. To provide the EPA with its first-ever update by attempting to bring its practices and principles in line with other U.S. civil rights laws, members of Congress are taking steps to reintroduce the Paycheck Fairness Act. This legislation:

— Creates incentives for employers to follow the law and offer true equal pay

— Bars retaliation against workers who discuss or disclose their salaries voluntarily

— Prohibits employers from relying on an employee’s salary history to determine future pay, to stop pay discrimination from following women across multiple jobs and limiting their long-term earning potential

In addition to staying posted on the Paycheck Fairness Act, you can support equal pay legislation in your state. The AAUW notes that as of April 2017, 40 states had already filed or pre-filed legislation that addresses equal pay in their respective 2017 legislative sessions — four more than did so in all of last year. Half of this year’s state bills hone in on banning employers from requesting salary history as part of the job application process. In 2016, states passed six equal pay laws. For more details on how to take political action to fight for fair pay, click here.

[See: 25 Best Business Jobs for 2017.]

Keep up with equal pay research. Knowledge can be turned into power, so it’s important to know everything you can about the facts and figures behind the gender pay gap. A great place to start is by reading the AAUW’s The Simple Truth About the Gender Pay Gap Spring 2017 Edition, which you can download for free in both English and Spanish. This research goes far beyond the oft-quoted “80 percent” statistic to explain in detail what’s behind the pay gap in the United States and answer question such as:

— Do women receive lower paychecks because they choose lower-paying positions?

— Is the pay gap caused by more women than men opting to work part time and/or by women taking on greater responsibilities for caregiving?

— How is gender bias related to the salaries that men and women earn?

There’s plenty of other research that can help you learn more about the current state of the gender pay gap and how to improve it. Search the web for reputable research organizations to gather as much data as possible on the subject.

[See: Famous CEOs and Executives Share Their Best Career Advice.]

Know your worth and how to negotiate for it. The third leg of the stool when it comes to battling the gender pay gap is a more personal one. It involves understanding how high your salary should be based on industry trends for your job in your specific area of the country — and then using strong negotiating skills to request the money that you’re worth. Remember these key pointers when negotiating your salary, whether for a new position or when requesting a raise:

— Consider timing. Don’t ask about money too early in the interview process, or at a time when you’ve heard budgets are down at your current company.

— Rely on research. Come prepared to negotiating meetings armed with industry research and market data to support your requested salary range for your level and location.

— Don’t reveal what you don’t have to. Hold back from sharing specific numbers about your current compensation or committing prematurely to an amount that you want.

It’s certainly true that until legislation changes to more effectively mandate equal pay, gender bias and discrimination may still keep you from landing the pay package that you deserve. Nevertheless, it’s critical to take active steps toward chipping away at any personal pay gap you may face in your career — as well as doing what you can to help address the larger gender pay gap.

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3 Ways to Overcome the Gender Pay Gap originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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