Student debt refers to the money borrowed by students to pay for their education, including tuition, fees, and living expenses. This debt is often acquired through loans from the government or private lenders, and it must be repaid with interest after graduation or when the student drops below a certain enrollment level. Many students take on this debt to pursue higher education, believing it will lead to better job opportunities and higher earnings. However, the burden of student debt can impact financial stability, delaying major life decisions such as buying a home or starting a family for many graduates.