Of course. First of all you should be aware that loans must be repaid.
Have you missed a payment or are you having trouble making payments?
No, I haven't.
Are you using the William D. Ford Federal Direct Loan Program or the Federal Family Education Loan Program?
Yes, the latter.
In that case you should contact your loan servicer.
Will do. Say, what could a poor credit rating mean for me?
You may have trouble signing up for utilities, for example.
What if my loan continues to be delinquent?
Then the loan may go into default. The point when a loan is considered to be in default varies depending on the type of loan you received.
I see. And what happens if I defaulted on any of my federal student loans?