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Student Loan
Term category: College Finance
In 10 words or less:  A loan by the government or a bank for educational expenses.

Definition: A loan originated by the government or a private bank for educational expenses.

StockJargon Advice: 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.

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Related Books

Best 361 Colleges 2006 by Tom Meltzer
College Cost and Financial Aid Handbook 2006 by College Board
The Fiske Guide to Getting Into the Right College by Edward B. Fiske
The Real ACT Prep Guide By ACT Staff

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