A student loan is designed to help students pay for university tuition, books, and living expenses. It differs from other types of loans in that the interest rate is substantially lower and the repayment schedule is deferred while the student is still in education. Before accepting any kind of student loan, one should be familiar with its basic attributes. Students on higher education courses may be able to get loans to help with study costs. Student loans are available to help you with both tuition fees and living costs. Find out what's available for full and part-time students.