What is the ruling on borrowing with interest for essential studies upon which a person's future depends?

An interest-bearing loan is forbidden and not permissible except in cases of necessity that permit committing a prohibited act. Necessity is defined as the point where a person, if they do not engage in the forbidden act, will perish or be close to perishing, or fear the occurrence of harm or injury to their self, limb, honor, mind, or wealth. Seeking to achieve a dream or raise one's standard of living does not justify engaging in usury, for the means of what is permissible are many, and "whoever fears Allah - He will make for him a way out and provide for him from where he does not expect."