I am working and would be paying for Part Time PGDM, can I get tax rebate? I know childs tuition fees gets you tax rebate. Please advise.

Or would it be better to apply for a student load and then pay for the cost of program. The reason being a student load would cost around 11% and would not start until a course finishes and I can get a FD for the money that I have at 9% and later avail tax rebate on the loan payout. Thanks, Satinder