I have two children; my son is a sophmore in college, my daughter is a sophmore in highschool.  When my son went to college we took out loans, he took out a loan and we made a monthly payment plan.  Now I'm concerned that my daughter will be going to college in 2 years and he will be graduating college and we'll have to start paying off his loans at the same time we're applying for loans for her.  We don't qualify for financial aid.  My son was able to get a $4500 scholarship each year and he got a liittle help from his school ($3,000), but school is so costly that we have to take out loans.  Do you have any strategies I can start thinking about for repaying his loans, while trying to apply for more loans in 2 years when she's ready for college?  I'm trying to mentally prepare myself and not panick.