The paper deals with the financing of tertiary education through deferred tuition, student credit system and credit financing risk. The aim of the paper is to create the concept of higher education funding for the Czech Republic so that it is a part of the system of public and private finance. It contains a proposal of a concept of credit financing of tertiary education, including phases of a credit boom for a period of 24 years. In the proposed concept, student debt is drawn by drawing credits for study. The volume of credits for study is accumulated during the period of study and graduate job entry until the average wage is reached. In the proposed concept, full repayment of student loans occurs in the 13th year since the loan was granted. The graph shows the repayment deficit of 11.229% compared to loans drawn.