Educational loans

Educational loans are financial agreements where a borrower, usually a student or parent, receives funds to pay for education-related expenses, such as tuition and books. In return, the borrower commits to repaying the amount borrowed, often with interest, over a specified period after finishing the education. These loans help make higher education accessible when upfront costs are high but require responsible repayment to avoid financial hardship later. They are a common way to invest in future earning potential while spreading out costs over time.