Bridge loans are loans that students can receive to provide short-term funds for such purchases as books, tuition, room and board, and more, while the student is in the process of receiving larger student aid. By using a bridge loan, a student does not have to postpone their education while waiting on their loans or aid.

Bridge loans are obtained through the financial aid office of the college or university the student is applying towards. They will have to be paid back quicker than the full student loans, but they are quite a bit smaller in the amount being borrowed.

If you are running tight on the time for your aid to come and you see some expenses looming that you will not be able to pay, contact the office of student aid at your college and apply for a bridge loan. The bridge loan will keep your accounts current while you wait on your aid to come through.

More Terms Explained here