I see this in two ways. Firstly, Education loan is good depending on how you plan or intend paying back. In some good countries where their economy is stable and there is enough opportunities for graduates as soon as they finish their studies.
Of course, in this situation, I can take education loan.
Many reasonable countries do give out education loan to their students, in fact, students are allowed to work while still in school. If a student is serious and not extravagant, he can pay his loan from the money he get from the student's job he is doing.
More so, if the student finish from school and he or she get a job immediately, he can as well pay back before he know what it us.
But this decision must be considered properly before embarking on it, one must consider the country you are in first. You must first study the financial status of your country too.
Now my second point, you may not take education loan if the situation in your country is very different from my first point. If you are from a country where the future of the common man is unpredictable, then run away from education. Some countries do not give room for students to work while still in school.
More so, these countries t not any job for their graduates as they are graduating from school. So, if you fall at this category don't bother to take education loan. Thanks