Final answer:
A loan provided to finance the expenses of a person pursuing a college degree is called a student loan.
Step-by-step explanation:
A loan provided to finance the expenses of a person pursuing a college degree is called a student loan. Many students choose to take out student loans to cover the cost of tuition, textbooks, and living expenses while in college. These loans have to be repaid after graduation, typically with interest. Student loans can come from various sources, such as the federal government or private lenders.