Student loan: It is a loan type that is meant to help students fund their post-secondary education and any expenses attached or related to it such as accommodation expenses, tuitions, books and living expenses. What makes it different from other loans type is that the interest rate is very low and repayment can be delayed until the students graduates based on agreement
• In a secured loan, assets are used as collateral and makes it a secured to the creditor.
Note: A students loan is the odd one out because it does not involve any collateral and the conditions are different from other types of loan.
A secured loan is where the lender of the money can take possession of the item if you don't pay back the loan. So the answer is B student loan because they can't take back the information you learned.
