Education is treated with importance in civilizations across the world, and has been so treated throughout history. In an earlier age the famous schools of studies would attract students from far and afar, like Plato’s Academy, Aristotle’s Lyceum, or Nalanda and Taxila of Hindustan. Unfortunately, in that age good education was the privy of certain privileged and rich classes only. Today, education and access to it is much more democratic. The basic philosophy adhered to by everyone is that lack of resources should be no reason for incomplete education. If someone has merit, it is the social responsibility of all to ensure that the merit is justified and fructified.
Student loan is a useful device to ensure this responsibility, and unlike other forms of loan, it is heavily regulated, or even guaranteed by the government (in some countries). Student loans are offered either to the student himself, or his parents or guardians, to bear the cost of education (usually, higher education, as basic education is already subsidized). The rate of interest is usually lower than the standard lending rates. In some cases, loan is provided to highly meritorious students on the principle that the loan amount plus interest would be paid once the student starts earning (this approach is applied during admissions to highly rated institutions). It would be an exaggeration to say that we have reached the stage where every one can be assured quality education, but the prevalence of Student loans are a great boon to large number of needy people.
This section of the webdirectory provides a long list of institutions offering Student Loans.