Student Loan is a loan originated by the government or a private bank for educational expenses.

Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry a lower interest rate than other loans and are usually issued by the government.

Federal student loans are far superior to private student loans because they offer far lower interest rates.

If you take out a lot of loans to pay for your education, this lower interest rate will save you thousands of dollars in the long run.

Often they are supplemented by student grants which do not have to be repaid