student loan repayment
Definition
The process of paying back borrowed funds, plus interest, that were used to finance higher education expenses, typically through scheduled monthly installments.
A financial obligation for former students involving structured payments to lenders or servicers, often with options for deferment, forgiveness, or refinancing based on income and program eligibility.
Examples
After a decade of ramen noodles, her student loan repayment finally felt like a victory lap.
He treated his first student loan repayment like a subscription service—endless and auto-renewing.
Negotiating student loan repayment plans became her side hustle, outsmarting bankers with spreadsheets.
In his fantasy novel, the hero slays dragons but still dreads the monthly student loan repayment.