student-loan

Vocabulary Word

Definition

A student loan is a type of loan designed to help students pay for post-secondary education and related fees. It's borrowing money for school, but unlike a scholarship, it has to be repaid.

Examples in Different Contexts

In financial aid, a student loan is borrowed money that students or their parents take out to pay for higher education expenses. A financial aid officer might say, 'Understanding your student loan options is crucial for planning your education financing without overburdening yourself with debt.'

Practice Scenarios

Public-Policy

Scenario:

Our society places a high value on education. Unfortunately, this often comes with a high financial burden for students.

Response:

Easing the financial strain caused by student loans should be a central concern in higher education policy-making.

Tech

Scenario:

Our company believes in continuous learning opportunities for our employees. Financial aid for further studies can be a part of it.

Response:

Such a program could be highly beneficial. Making the provision for a student loan repayment aid would incentivize further learning.