Student Loan
/ˈstjuːd(ə)nt loʊn/
Definitions
- (n.) A sum of money borrowed by an individual to finance postsecondary education that must be repaid under agreed terms.
She applied for a student loan to cover her tuition fees.
- (n.) A legally binding agreement obligating repayment of borrowed funds used for educational purposes, often including specific protections and terms under federal or state law.
The student loan contract included deferment options during unemployment.
Forms
- student loan
- student loans
Related terms
See also
Commentary
Student loans are often subject to specific regulatory frameworks affecting interest rates, repayment options, and borrower protections, distinguishing them from other types of 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.