The term "education debt" refers to the financial obligations that students accrue while pursuing their education. This can include student loans, tuition fees, and other expenses related to obtaining a degree or certification. Just like any other type of debt, education debt must be repaid with interest over time. The concept of "education debt" has become more prevalent in recent years as the cost of higher education continues to rise, and students are required to take on larger amounts of borrowing to finance their educations.