Why Money?

Borrowing Money To Study

I think this actual depends on the type of student loan you have for example, there are: Tuition fee loans, maintenance loans, grants, and bursaries.

Many of these loans are joined together for instance you will get part tuition loan and past maintenance loan; in other words your tuition fee is paid or part paid and you may also be eligible for a loan to cover living expenses. These loans however do have to be paid back, but usually not until you actually start work, and then they are paid back in instalments. The down side of this is it could take a very long time to pay back the loan and you do have to pay interest on them.

Grants and bursaries on the other hand tend to be given to a select few occupations, such as teachers and nurses, these do not have to be paid back, I do believe this is slightly unfair as in many ways it does push people into these professions.

It is also important to remember you have to be in full time education to apply for any of the above loans or grants, unfortunately.