<p>My S will be a freshmen at Uf in the fall. He has bright futures and 2 years prepaid college. He will have to take out a student loan. He is waiting to hear from two scholarships. When will he have to commit to this loan and can he just take half of it. This is my first child to go to college. Thanks.
ufmom</p>
<p>It depends what kind of loan your student gets because a government subsidized one has limits of how much you can take out. </p>
<p>As for committing to a loan, he commits right before the classes start for the semester in which he needs the loan for.</p>
<p>so if you are saying he has 2 years prepaid then i’m assuming he’ll need aloan for hte 3rd year, therefore he’ll have to apply for the loan after he finishes his 2nd year.</p>