There're many psychological definitions, flowcharts and diagrams to illustrate The Learning Process.
But for me, learning is the fact of increasing our knowledge coupled with applying whatever we've learnt in real-life situations.
How many times have you tried really hard to remember some complex mathematical formulae just to use it on the day of exam and forget all about it afterwards?
Studying just for the sake to clear out your exams ain't call studying... well, not that exams aren't important! But my point is, learning should be a fun, creative and innovative activity... Not the thought of being stuck in a classroom and checking your watch every 5 minutes wondering when the lectures would get over!
"Grades do not measure intelligence & age doesn't define maturity."