The recent financial crisis has some college students struggling to get the loans they need. Some students and their families are still trying to get their finances in order, even though the school year has already started.

William Wright is in his second year at Blue Ridge Community College. He takes out federally-backed loans each semester, largely to help pay his bills.

However, he recently got a notice from the college's financial aid office saying his money won't be coming on time because of the nation's credit crunch.

"They talk about it in my business class and my marketing class all the time," says Wright. "And, I didn't think anything would actually affect me."

Already weeks in to the school year, he is working to find another lender in a challenging financial period.

Robert Clemmer, the director of financial aid at BRCC, says the college is able to guide students to other lenders. For students like Wright, Clemmer says there are many other options.

"However, we have had some lenders actually drop out of the student loan business because, right now, it's really not a profitable business to be in," says Clemmer.

Clemmer says, as credit tightens, some private lenders are dropping two-year schools entirely. The default rate at community colleges is higher than at four-year schools.

Wright says he's already submitted paperwork to get his loan from another lender. He is optimistic that the problem will be resolved soon.

He says, "I work part-time, but it is pretty important because I am supporting myself and going to school. So, it's really important."

Wright's lender, Edamerica, says they plan to return to normal business flow soon, but the timing was too uncertain for Wright to wait.