A default will get reflected in your credit report and score, and you will not be able to get even a credit card, let alone high-value credit like a home loan
HC asked the counsel for the bank what was the criteria for sanctioning the loan
The overall incidence of delinquency on education loans is around 5%
Avoid over-leveraging with low job market; starting with default will hurt future loan options
Don't be lax about repayment, as it can hamper your credit score even before you start earning