Zachary's student loans are an example of educational loans or student loans.

Student loans are specifically designed to help students finance their higher education expenses, such as tuition, fees, books, and living expenses. These loans are typically offered by government agencies, private financial institutions, or educational institutions themselves.

Student loans often have features such as deferred repayment options while the student is still in school, lower interest rates compared to other types of loans, and flexible repayment terms. However, they must be repaid according to the terms and conditions specified by the lender, usually after the student graduates, leaves school, or drops below a certain enrollment status.