Answer
(Fatwa: 362/335=N)
Interest is strictly prohibited in Islam. The Quran says:
و احل اللہ البیع و حرم الربوا (الآیۃ)
و قال تعالی: یا ایھا الذین اٰمنوا اتقوا اللہ و ذروا ما بقی من الربوا ان کنتم مؤمنین، فان لم تفعلوا فأذنوا بحرب من اللہ ورسولہ (الآیۃ)
?O ye who believe! Fear Allah, and give up what remains of your demand for usury, if ye are indeed believers. If ye do it not, take notice of war from Allah and His Messenger.? (2/278-9)
In your case, there is no exigent situation which can allow you to use haram. Therefore, you can not take educational loan.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband