The history of student loans goes back to the Middle Ages

By Giles Gasper. In 1473, Alexander Hardynge, who had finished his bachelor’s degree at Oxford nearly two years previous, borrowed money through an educational loan service. The loan came with a one year repayment deadline.
With some of that money, he rented a room at Exeter College and offered tutoring services to college students. He soon repaid that loan. In 1475, Hardynge took out a second loan – again, in part to rent teaching space. More...