Student loans sound good and all especially since it serves as an aid to those who can't afford to go to school by themselves. But I'll let you know that some folks still abuse this opportunity. When I was still in school I had friends who took these loan for trivial reasons even when their parents could afford their fees. Some said that the government would waive it later on. I don't think it's completely fair that the repayment of a loan someone takes for dumb reasons be placed on someone else.
I did like how you addressed the issue of checking the terms and conditions before taking a loan though, it was really informative