Student loan

A student loan is a type of financial aid that helps students pay for higher education costs, such as tuition, books, and living expenses. It’s a sum of money borrowed from a lender, often a government or financial institution, which must be repaid over time with interest. Typically, repayment begins after the student graduates or leaves school. Student loans make education more accessible by spreading out costs, but it's important to borrow responsibly and understand the terms, including interest rates and repayment plans, to manage debt effectively post-graduation.