If you default on a student loan, your credit rating will be affected. If at any time you are experiencing difficulty with repaying your student loan, you should immediately contact the lender holding your loan account or the Student Aid Division. DO NOT wait too long. The student loans programs are just one option to consider when deciding how to finance your education. Lenders offer a variety of special student packages.
Some companies also offer scholarships to children of employees.
For additional information, consult the Internet, commercially available books or directly contact the institution you wish to attend for information on where and when to apply.