Urban Dictionary
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.
Fred: Want to go to Taco Bell?
Tim: Sorry, I just took out a student loan.
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