A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees
such as tuition, books and supplies, and living expenses.
It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school.
It also differs in many countries in the strict laws regulating renegotiating and bankruptcy
the moratorium—which former President Donald Trump signed into law in March 2020 and has been extended several times—is slated to expire on May 1.
In general, you can get up to 4 lakhs of educational loan for higher studies without any collateral.
Under education loan scheme, you can get a maximum of 15 lakhs for studies in India and more 25 lakhs for abroad studies.
A student loan is money borrowed from the government or a private lender in order to pay for college.