Can someone explain to me as a non American, what is the student loan? Is it college fee? In my country it’s only costed 300-1500$ a year unless you take extra classes then it’ll cost a bit more

College is very expensive in the US, with the average “in-state” school costing $26K for someone who lives on campus and $56K for a private institution. Since a majority of undergraduates are teenagers with virtually no savings, they take on loans to pay for college. Also unlike traditional loans where you can declare bankruptcy, there’s really loans are very difficult to get forgiven.

There obviously a lot more to it, but that’s the gist in three sentences.

Important note: Those prices are per year.