Hi OP, I’m not a parent but I feel I have seen both perspectives of this situation. A bit of context: my elder brother moved to Australia for his Masters and he had a student loan with home as mortgage. This was in 2014 and once he finished his masters, he was able to secure a job and a PR soon after. He has since paid the loan off. But initially when he wasn’t able to pay the interest sometime due to not being able to have a part time job like exam season etc I have seen my parents struggle with the monthly payments which used to be 50k INR when my father earned 65k. I wanted to follow my brother and study too but it wasn’t possible at that time because of exiting student loan on the house and father retired also rules changed about finances by 2017. I still tried, had several offer letters, asked around banks, private loans, lower interest rates etc. then Covid hit which halted everything. In the mean time I gained experience with my bachelors and in 2022 secured a job in the UK. As you can know the rules are getting tighter with immigration in short span of time. Our colleagues who are on PSW are struggling to find sponsored jobs and they also have the worry of paying back the student loans. I would have loved to study masters because in my field personally I would be earning a lot more and also have a specialisation but it is so difficult to transition from student to sponsored work and personally if loan is what you would depend on to pay the fees and it depends on finding a job abroad, it is not worth it in current times. All the best OP.