Student loans are a type of loan offered to students to pay for college or university tuition, fees, books, and living expenses. These loans can be offered by the government or by private lenders, and the terms and conditions of the loans can vary depending on the lender.

The interest rates on student loans can also vary, and some loans may offer lower interest rates to students who demonstrate financial need. Students usually begin repaying their loans after they graduate, and the repayment period can last anywhere from several years to several decades.