Definitions for "Student loans"
There are low interest loans from the government to help students pay their living and study costs while they are at university.
Loans to students funded by the Government, unlike ordinary commercial loans. The interest rate is linked to the Retail Prices Index, which allows students to borrow finance at a rate of interest linked to the rate of inflation. This means the amount of money payed back is equivalent to, in real terms, the amount borrowed.
They are offered to students to assist payment of the costs of education. They usually charge lower interest than other loans, and are also usually issued or backed by the government.