Student Loan

A student loan is a lending vehicle designed to help people pay for the pursuit of higher education. This type of funding can be used for accredited colleges and universities and also some trade and technical schools. Money garnered through a student loan is generally available for use to pay for such things as tuition, books, room and board and other educational-related expenses. While a student loan can be an important door opener for higher education, it should be the option of last resort. Before settling on going the student loan route, it is wise to consider other options such as private pay, scholarships and grants. These things can help keep future debt at a minimum.