What term describes money borrowed by students to assist in funding their education?

The term that describes money borrowed by students to assist in funding their education is "student loans." Student loans are a specific type of borrowing that are designed to help cover tuition fees, living expenses, and other costs associated with education. Borrowers are typically required to pay back the principal amount borrowed plus interest after they graduate or leave school.

Educational funds generally refer to broader categories of financial resources available for education, which may include grants, scholarships, and loans. Grants are funds awarded that do not need to be repaid, making them different from loans. Financial aid encompasses all forms of financial assistance for students, including scholarships, grants, work-study programs, and loans. Thus, while these terms relate to funding education, "student loans" specifically identifies the borrowed funds that students must repay, which clarifies its distinct role in financing educational endeavors.