The English government assisted undergraduate students in paying the fees by the policies of free tuition and living allowances before 1990. However, the government has begun to introduce the system of student loan in order to offset the influence of the insufficient of financial aid on undergraduate students since 1990 and the system of student loan have been reformed three times. To collect implications from the background of the evolvement of ”the system of student loan” in England, the author inquires into four main questions. They are: (1) How was the system of student loan established in England? (2) How did the system of student loan evolve in England? (3) What are the similarities and dissimilarities of the system of student loan applied in England and in Taiwan? (4) What can we learn from the application of the system of student loan in England? The author hopes to offer the Taiwan government some suggestions by inquiring these questions in depth