Student Loan

Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry lower interests than other loans and are usually issued by the government. Often they are supplemented by student grants which do not have to be repaid.

In India
Loans for education are mostly available from nationalized banks. Also if you want to pursue higher studies abroad you can apply for loan at any bank at a very nominal interest rate.

In Australia
In Australia, students can pay for university courses using the Higher Education Contribution Scheme (HECS). The selection criterion for HECS is based on the rank achieved in the secondary school final examination. HECS fees are government-subsidised and are substantially cheaper than full-fee paying places which have lower entry requirements.-Courses are ranked into three bands, with a year's tuition costing around $4,000–$6,000 AUD. Students have the option of deferring the HECS fee until they start earning above a certain threshold, whereupon they will repay the government through the tax system; the amount owed is indexed to inflation. Alternatively, students can pay upfront at the beginning of the semester; this option provides a 25% discount (2004).Recent legislative changes that allow a high proportion of full-fee paying places, and lower upfront payment discounts have been a source of controversy.

In United States
Loans for higher education
FEDERAL LOANS TO STUDENTS
FEDERAL STUDENT LOANS TO PARENTS
Private student loans
FeesEligibility
Types
Discharge
Disbursement: How the money gets to student or schoolProblems