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Student loan
01
a loan taken out by a student to help pay for educational expenses, usually with the requirement to repay the borrowed amount with interest after completing their studies
Example
The government offers various repayment plans for federal student loans.
The student loan helped him afford textbooks and living expenses while in college.
She took out a student loan to cover the cost of tuition for her master's degree.
Repaying her student loans has been a significant financial burden since graduating.
Before applying for a student loan, it's important to understand the terms and conditions, including interest rates and repayment options.
