Student Loan
Money borrowed to pay for university education that must be repaid with interest after graduation.
Student loans are borrowed funds that must be repaid with interest, typically after graduation or when the borrower drops below half-time enrollment. Government-backed loans (like US Federal Direct Loans or UK Student Loans Company) offer lower interest rates and income-driven repayment plans, while private loans from banks carry market-rate interest. Total US student loan debt exceeds $1.7 trillion, making it a significant economic and political issue. Some countries (UK, Australia, New Zealand) tie repayment to income thresholds, while others require fixed monthly payments regardless of earnings.
Related Terms
Related Guides
Student Loans: A Global Comparison
How student loan systems work across different countries — US federal loans, UK income-contingent repayment, and beyond.
True Cost of University: Beyond Tuition
The complete cost of attendance — tuition, housing, food, books, transportation, and hidden expenses students often overlook.
Financial Planning for Parents
A guide for parents navigating the financial aspects of university education — savings plans, aid applications, and cost comparisons.
Rising Cost Crisis in Higher Education
Why university costs keep rising and the potential breaking point of the current higher education economic model.