This work is directed at the theme financing of higher education. The first view goes to the analysis of the good higher education. Following, the ways of financing higher Education will be presented, in which the loans play a particular role. The breakdown of the financing schemes in the USA and Australia is a part of this work as well. In this section the history of tuition fees and the offered financing proposals are disclosed. Afterwards a presentation of the impacts of the long lasting tuition free higher education in Germany occurs. In this context the financing structure in German universities, the social composition of students at German universities and the percentage of graduates are outlined. An empirical analysis of the lifetime income from different education groups and the calculation of education returns of particular education levels in Germany conclude this work.