Student loans
Definition
Loans provided to students to cover the costs of higher education, including tuition, fees, books, and living expenses, often with repayment deferred until after graduation and accruing interest over time.
A form of consumer debt widely associated with young adults entering the workforce, notorious for its high balances and long-term financial impact.
Examples
My student loans are like that friend who crashes on your couch forever—cozy at first, but eventually you're paying all the bills.
She majored in philosophy, minored in ramen noodles, and maxed out her student loans on coffee to stay awake.
Student loans: the only investment where your returns are negative interest and a lifetime subscription to budgeting apps.
He proposed to his girlfriend, but first had to negotiate with his student loans for permission to buy a ring.