Student loans
Student loans are financial aids that help students pay for their education, covering costs like tuition, books, and living expenses. These loans are typically offered by the government or private lenders and must be repaid after graduation, often with interest.
There are different types of student loans, including federal loans, which usually have lower interest rates and more flexible repayment options, and private loans, which may have varying terms. Students should carefully consider their options and understand the repayment process to manage their debt effectively after completing their studies.