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3.
The easiest way to get money for a new DVD player or a computer. Usually around .1% interest over 600 years.
Man, I just bought a blow up doll with my student loan!
by Johnny Rocketfingers July 21, 2003
 
1.
n - A mystical transaction in which a student and/or parent subjects themselves to financial slavery (indentured servitude) for the foreseeable future.
Tim: Hey, I just got approved for a student loan!
Fred: Want to go to Taco Bell?
Tim: Sorry, I just took out a student loan.
by dphornguygo to Taco Bell? Tim: September 16, 2012
 
2.
The interest rate is 2.4%, but they make most of their money by fucking you over with charges.
Don't get a student loan; the dirty cunts will fuck you right over.
by PancakeFeatures September 30, 2006