Student Loan

n - A mystical transaction in which a student and/or parent subjects themselves to financial slavery (indentured servitude) for the foreseeable future.

The practice of giving depressed teenagers tens of thousands or more in debt with no financial experience or context

You cant afford to go to college? Well then student loans are the answer! doit! Everything will be fine! It's not like you will have you will wish you were dead because of how badly in debt you are. I'm not a pussy like you and I have the debt to prove it!!!

The interest rate is 2.4%, but they make most of their money by fucking you over with charges.

The easiest way to get money for a new DVD player or a computer. Usually around .1% interest over 600 years.

A bank note taken out by a late-stage child for a quarter of a million dollars to assist them in getting a job that pays thirty thousand dollars a year. Once attained, it's required that you drink overpriced beer and cocktails while congregating with other loan holders to complain about how people who found other means to success should pay for the balance of the bill.

Scheme where one enrolls in classes, takes the maximum student loan allowed for the course load, then drops all of the courses except for the minimum required to retain the loan.

The individual will usually be unable to repay the loan but in the meantime will have a large amount of disposable cash.