Individual expenses and benefits of the student loans system differ very much in different European countries and do not reduce the gap in price of the education for European students and their families. Moreover, there is no common tendency to the harmonization which will smooth over these differences. For the expansion of access to higher education and the reduction of social inequality without any hazards for public funds, the deterioration of the quality of education or the development of undesirable conflicts among European countries it is necesary to ensure the exercise of student loans claims and claim compensation, to create a well-developed all -European system of private student loan conforming to three requirements. First, all students shall be entitled to state their loan claims and to get loans for their education, like in Nordic countries, and for the development of their personal liability. The size of loan must be adequate to cover all the expenses for the habitation. Moreover, there must be introduced a flexible system of loan payment and developed a common student loan claim form the absence of which cost states' governments a pretty penny. Second, payments need to be correlated with income like in Sweden and the UK, so as they are automatically adjusted to the means of payment. Thus, no debtor will face too big payments, and the state won't be compelled to subsidize a certain period of inefficient extension on debt repayment. Third, students must pay student loan rates so as the financing of interest rates costs the state a pretty penny and gives occasion for students to pay the loan or to educate as long as possible. However, since high student loan rates could restrain students from taking loans which can lead to the reduction of the number of those people willing to get higher education , interest rates must be limited by the rate of inflation during the period of education and after it they must be only 1-2 % up.