Is it good to take out an educational loan or not?

An education loan is money borrowed to finance higher education expenses of deserving students.This is a boon to students who are good in academics but do not have the money to fulfill their dream of further education after higher secondary. Students who are above the age of 18 are eligible for this loan provided their academic record is proved to be good and their parents or guardian provide the necessary income source .Education loan is helping students to support higher education on lower interest rates, it also have tax deduction and easy availability of loan at good payment terms for the students.