Financial Glossary: Student loan


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Student loan

Student loan

A means of borrowing money for education after High school at Low Interest rates and generous repayment terms from federal government programs.

Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry a lower Interest rate than other loans and are usually issued by the government. Often they are supplemented by student grants which do not have to be repaid.

Posted by Institute for International Research

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