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A Look Into the History of Student Loans

Just about everyone has heard about student loans. They are constantly mentioned in the news — often with much scrutiny and, more often than not, in a negative light.

While it would be nice to attend college for free or without having to take on debt, the truth is that student loans are often necessary for those looking to obtain a higher education — especially considering the rate of increase in average college tuition.

A Timeline of the History of Student Loans

1840: The first student loans are offered to students attending Harvard University in 1840.

With the help of LendEDU’s blog, tools, and resources, our goal is to assist you in making educated financial decisions. LendEDU: Educated Financial Decisions.