What is a Student Loan?

     A student loan is utilized by the student to help that student to pay for his or her educational expenses. Specific expenses may vary from room and board at the university he or she attends or plans to attend, course textbooks and college tuition. Student loans are borrowed funds that are expected to be repaid with interest. Generally, a favorable rate is presented and subsidized by the government. When continuing students choose enroll at their university of choice, they have the opportunity to borrow money from collages, from the bank, or the government.