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What is a student loan?

What is a student loan? Here are some definitions.

Noun
  1. A loan granted to a student in higher education to help pay for the tuition
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With a couture frock costing as much as a term's student loan, high fashion is a minority pursuit.
I just graduated college and I have to start paying back my student loan soon.
Sallie Mae has been hit hard by student loan losses in the wake of the global credit crises.
He said if he was banned for a year he would try to get a job to pay off his student loan until he was allowed back to his studies.
There are many ways to consolidate or refinance your college student loan debt.
Often a student loan is the first time a debtor has borrowed money from a financial institution.

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