Student Loan
Lending & MortgagesMoney borrowed to pay for education expenses, available as federal (government-backed) or private (bank-issued) loans.
Example
Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding student loan helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how student loan impacts your specific situation.