education-loan

Vocabulary Word

Definition

The term 'education loan' refers to money borrowed to finance education or school-related expenses. These loans are meant to cover the cost of tuition, books and supplies, and living expenses while in school.

Examples in Different Contexts

In higher education, 'education loans' are often discussed in financial aid offices as part of a student's funding package. An aid officer might say, 'We'll help you navigate your options for education loans to ensure you can manage your finances effectively throughout your college career.'

Practice Scenarios

Academics

Scenario:

Many of our students hesitate to continue their studies because of financial constraints. Finding ways to link them with financial resources could be a focus.

Response:

That makes sense. We could set up a financial advisory desk to guide students about different education loan options.

Public Policy

Scenario:

Our city needs more skilled workers in the technology sector. We should propose initiatives to increase access to higher education in these fields.

Response:

We should definitely. How about proposing an education-loan program specifically for students who wish to pursue tech-related degrees?