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I understand that some people use "studanto" to refer both to students generally, and to people who are currently studying something (but are not students). To me, they are 'studentoj' but not 'studantoj'. They are 'studantoj' but not 'studentoj.' There may be students who are walking through the room but not currently studying anything.
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They are not students they are simply studying something right now. Not all of these people might be students - some might be community members who have come to study a book. Therefore, if I enter a library and see many people studying books, I might say "Estas multaj studantoj ĉi tie" (There are many people-who-are-studying here).
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A "studanto" for me is someone who is currently studying. I use the word "lernanto" for students below the university level. A "studento" to me is a student, in the sense of "a student of law" or "a student of engineering" (usually university level or higher). This makes me think of a fact-finder or researcher for a company, who studies things that may be of interest to the company, and reports back with their findings. They get paid for their studying, but the studying isn't with the intent of getting a degree. To me a "studisto" is someone who studies for a living, and plans to do this for the long haul. Presumably they are earning little money and can't do this forever - they will need to get a "real job" sooner or later. Yes, they are studying into their 30's, but they don't plan to do it forever. Being a student is not their career, in most cases. Most people who are studying into their 30's are not planning to study for the rest of their lives. I would not use "studisto" unless you do it for a living.