A few things to ask yourself before you go ahead with that student loan...

With the rising cost of education nowadays, student loans is one of the best ways to pursue your tertiary education since many students cannot afford to pay the education fees. However, before taking the plunge and taking up a student loan, you need to ask yourself the following questions to decide the type of student loan that you need.
The Types Of Student Loans
There are 2 main categories of student loans currently available. Government student loans which are loans carried out by the government and private student loans which are provided by the private sector. There are pros and cons to each but generally government student loans have lower interest rates, are quite easy to get approved since they do not take into account of your credit history.
For private student loans, the interest rates are usually higher but they allow greater flexibility when repaying the student loans.
Student Loan Amount
Generally speaking, government student loans are usually fixed amounts depending on your education level. For private student loans, the amount that can be loan is more varied and depending a lot on your credit history and the repayment plan.
It is recommended to borrow only the amount of money you need for your education. To do that, you need to estimate how much you will need during the course of your studies. You will need to factor in expenses such as accommodation, living expenses, school/textbooks fees and other miscellaneous expenses.
The Period Of Student Loan
Both government and private student loans provide loans which can last anywhere from 1 year to 20 years. For longer loan periods, you need to factor in the interest rates since you can end up paying a lot for interest and every little for your principal student loan amount.
You need to determine how much you can pay per month after you graduate and have a buffer of at least 3 to 6 months in the event you are jobless.
Other Outstanding Loans
If you have other outstanding loans as well, you might want to consider consolidating the loans before getting another student loan.
Without proper discipline and control, repaying multiple loans can be a huge financial strain. It is better to clear all your outstanding loans before getting a student loan. You can get better interest rates for your student loans as well since you have better credit score.
Interest Rate
The interest rates will vary from lender to lender. Government student loan interest rates are usually fixed and pretty low. Private student loans interest rates varies depending on the type of payment plan you choose.
If you just want to repay a fixed amount per month without worrying about interest rates, it is best to get a government student loan with fixed interest. That way, it is easier to plan your financial budget.
Hopefully your loans are all from the same lender. If they are, the lender will put them together in a package so that you can pay one monthly payment.
However most decent companies will do all the hard work for you. For further help, see:  Student consolidation relief