When I went to art school at The School of the Museum of Fine Arts, I used Sallie Mae to cover my tuition and some of my living expenses. Looking at it now, 15 years after I applied for the loans, I think its absolutely crazy that I did that. I'm not sure I would pay for art school the same way now, but it was my only option at the time. I was only able to pay it off with a lot of time and some help/gifts.
Taking out student loans to pay for art school, risky yes, but for me, worth it. I have no regrets in that.