Student loans are financial aid tools that allow individuals to borrow money to cover the costs of education, including tuition, fees, and living expenses. These loans are typically provided by the government or private lenders and must be repaid with interest over time. Understanding student loans is essential in the context of financial industry responses to economic crises, as they reflect the balance between access to education and the burden of debt on borrowers.
congrats on reading the definition of student loans. now let's actually learn it.