So far I have been pleasantly surprised by the student loan application process. Everything was web based so far, and through Citibank I was pre-approved for my loan. I just received some postal and email regarding next steps (which I need to follow up on!) but it is ALOT easier than my undergrad days when everything was paper-based (although admittedly my Dad filled out all the forms for me!)

My philosophy on borrowing is to borrow tutition and then finance living expenses out of my savings. I haven't been on a fixed income in 7 years or so, so I think it may take some getting used to. Although I save, I am not much of a budgeter! Anyways, its only for 16 months, then I'll be working again.