schoolfriend vs friend

schoolfriend and friend both are nouns.

Word	Noun	Adjective	Verb	Adverb
schoolfriend	Yes	No	No	No
friend	Yes	No	No	No

As nouns, friend is a hypernym of schoolfriend; that is, friend is a word with a broader meaning than schoolfriend:

schoolfriend (noun)	friend (noun)
a friend who attends the same school	a person you know well and regard with affection and trust
	a person with whom you are acquainted
	an associate who provides cooperation or assistance
	a person who backs a politician or a team etc.