No, and there's no exception!
As Abdullah mentioned in his answer riba (interest/usury) is a major sin and in fact it's one of the 7 distractive sins along with Shirk (associating partner in worship to Allah), Magic, Killing a person, Unjustly Eating the wealth of an orphan, Fleeing from the battlefield, and Sexually slandering a chaste, believing woman - Video Source (around 8:00).
There're some exceptions when there's an immediate danger to one's life like pork exception (Quran) or cursing regarding the religion (if not doing so causes one to be killed) and without really meaning that in the heart (Hadith). HOWEVER! There're some sins where there's no exception, for example, one CANNOT kill another person even under pressure of being killed himself/herself (or any other circumstances).
So, I would assume that a sin that would cause:
Allah and His Messenger (SAWS) declaring WAR again that person
AND that person being beaten until insanity - non-stop the entire Day of Judgement which is 50 000 years long (that's 50 MILLENNIA)
AND a sin is worse than 36 acts of adultery
AND the least of 72 types of that sin is as if committing incest with his own mother (in some wordings in front of Ka'aba)
AND the Messenger of Allah (SAWS) cursing that person
So, how one could ever hope for the blessing from Allah after all of this?
In my humble opinion there just can't be any exception for this and one should not even look for trying to put the burden on some else's neck saying "such and such said that it's halal."
I am not even considering the situations where a person would get disabled or even dies without having anyone to pay of his/her debt - this one would be even painful.
So, as some scholars say: "It is better to starve to death than dealing with riba!"
And Allah Knows Best.
These videos helped a lot:
The Dangers of Riba - Karim AbuZaid
Islam protects you from "Loan Sharks" - TheDeenShow
P.S. I lived and studied in the USA for 6 years: 2 years English only, 4 years Computer Science and the highest tuition I had was about $7k-$8k a year (without room-n-board) so you can always find a cheaper solution (or save money and then enroll to school).
And I didn't have anyone to write me a check for my tuition so I had to deal with it myself.
PLEASE, forgive me if anything I wrote comes out harsh or insulting, I wrote this just as a reminder to myself first and then to anyone who comes across, in order to keep us all away from the punishment of Allah.
I ask Allah to make this easy on every one of us.