student loan

Definition

A loan offered to students which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbooks. Many of these loans are offered to students at a lower interest rate, such as the Perkins loan or Stafford loan. In general, students are not required to pay back these loans until the end of a grace period, which usually begins after they have completed their education.

Use student loan in a sentence

Due to the rising cost of higher-level education, most students turn to student loans to assist in paying for their college education.

​ Was this Helpful? YES  NO 2 out of 2 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
1098-E Form income sensitive repayment (ISR)