If you take your business plan along with your personal balance sheet to the lender, then you'll be able to discuss options. Traditionally, the lender looks at your net worth (assets less liabilities) along with your credit score and business plan. There are usually a variety of ways to finance businesses and your lender should be able to discuss options as they relate to your specific situation.
Alexis Ohanian, co-founder of social news site Reddit and partner at startup accelerator Y Combinator, talks about how platforms like Kickstarter are making his role as a startup investor more challenging.
The way most Americans pay for college -- a patchwork system of loans, grants, and scholarships from colleges -- was largely created generations ago, when fewer people went to college and when the price tag of a college was a lot less.