Education loans are a tax to offset the costs of training (education). American capabilities - Hope loans and the lifetime learning credit - are education credits you subtract in full from the income tax, not only can be deducted from taxable income.

Making education credit only if the student has already passed the entrance exams and enrolled in a paid department of the university, because the bank will need to submit a copy of the contract with the university, which defines the cost of tuition. Among other documents - a passport of the loaner, documents of guarantee and pledge agreement (if the amount you need to borrow, over 10 thousand dollars, it will issue is likely only with a guarantee or collateral).