Student loan

UK //ˈstjuːdnt ləʊn//US //ˈstudənt loʊn//

Definition

Borrowed money for education that must be repaid with interest.

In simple words: Money a student borrows to pay for education, which they need to pay back later.

Many graduates struggle to repay their student loan after finishing university.
Applying for a student loan can be a complex process.
She is worried about her student loan debt accumulating interest.
The government offers various options to manage your student loan repayments.
Not all students qualify for a federal student loan; some may need private loans.

Commonly used in discussions about education financing. More formal in financial contexts, but understood in casual conversations.

student loan + object

Imagine a student carrying a heavy loan while trying to learn.

Confusing student loans with grants, which do not need to be paid back.
Using 'student loan' for non-educational debts; it specifically refers to educational borrowing.
Thinking all student loans are the same; there are federal and private loans with different terms.