ABSTRACTHow can modern neural networks like language models be useful to the field of language acquisition, and more broadly cognitive science, if they are not a priori designed to be cognitive models? As developments towards natural language understanding and generation have improved leaps and bounds, with models like GPT‐4, the question of how they can inform our understanding of human language acquisition has re‐emerged. As such, it is critical to examine how in practice linking hypotheses between models and human learners can be safely established. To address these questions, we propose a model taxonomy, including four modelling approaches, each having differing goals, from exploratory hypothesis generation to hypothesis differentiation and testing. We show how the goals of these approaches align with the overarching goals of science and linguistics by connecting our taxonomy to the realist versus instrumentalist approaches in philosophy of science. We survey recent work having adopted each of our modelling approaches and address the importance of computational modelling in language acquisition studies.