Definition of «student loans»

Student loans are financial aid that students can receive to help pay for their college or university education. These loans are usually offered by private lenders, schools, or the government and must be repaid with interest over time. The amount of money a student can borrow depends on various factors such as their academic level, course duration, and financial need. Student loans are an important resource for many students who may not have enough funds to cover tuition fees, accommodation costs or other expenses related to higher education.

Sentences with «student loans»

  • About 44 million people carry more than $ 1.4 trillion in federal student loan debt in 2017, and 4.2 million of them were in default. (debt.org)
  • Join support groups who have also struggled with private student loan debt repayment, and you will learn some tips and strategies on how to better cope with your debts. (cedaredlending.com)
  • That said, you can refinance federal student loans for a private loan. (florida-home-mortgage-loan-rates-company.com)
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