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Student Loan

   Also found in: Medical, Acronyms, Wikipedia 0.01 sec.
Student Loan
A loan one uses to pay for postsecondary education. A parent, guardian or the student may take out a student loan. In the United States, the federal government subsidizes or guarantees some student loans to enable more people to attend college. Interest on student loans is also tax deductible in the United States. However, because universities in the United States are often so expensive, many students spend a significant portion of their income on student debt service.
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If you look at the statistics, two out three undergraduates take some type of a student loan to finance their education.
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A student loan consolidation program allows you to work with a company to ensure the best rates and costs for lowering your student loan debt.
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