I have never gotten a student loan before so I have several questions that some of you might have the answers to. I'll be finishing up community college this fall and planning to enroll into 4 year school right away in spring. I need a loan to finance it. For various reasons, I am not eligible for federal assistance, so my only option is private student loans. -Should I apply now? -I know its almost a year earlier, but is there anything wrong in applying for it now? -If I get approved now, will the interest rate start clocking right away? -Let's say my class will start in Jan 2011, how early should one except the loan be approved and ready to be dispensed? (School application deadline: Oct 15, notification by Dec 15) -How long does it usually take for a private student loan to be looked at and be given final answer? Thanks a lot!