You are not required to apply for student loan. You can earn a tutition waiver and/or scholarship if you are deemed successful (OK, not in all cases); or you ca

You are not required to apply for student loan. You can earn a tutition waiver and/or scholarship if you are deemed successful (OK, not in all cases); or you can pay the expenses by yourself if you are rich enough. All student loan does is enabling lower-middle income not-so-successful people to climb the income ladder more easily and/or faster.