Educational Loan
/ˌɛdʒʊˈkeɪʃənl loʊn/
Definitions
- (n.) A sum of money borrowed to finance education expenses, which must be repaid under agreed terms.
She applied for an educational loan to cover her university tuition fees.
Forms
- educational loan
- educational loans
Related terms
See also
Commentary
Educational loans are typically government-backed or private loans specifically earmarked for educational purposes, with terms that may differ from general personal loans.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.