Education loans

Education loans are financial agreements where a lender provides funds to cover the cost of schooling, which the student agrees to repay over time, often with interest. They help students and families manage expenses like tuition, books, and living costs. Repayment typically starts after graduation or when the student debtors become financially stable. These loans can be secured or unsecured and often have specific terms, including interest rates and repayment schedules. Education loans enable access to higher education but require responsible borrowing and timely repayment to avoid financial difficulties later.