Completed the application today and got an immediate approved message. I was under the impression it took 7-10 days? Yes, I know many are not fans but for us this is the right vehicle 
Is it really that quick?
I assume once my daughters school certifies her cost of attendance the loan will be “funded/completed” - she is an incoming freshman this fall so we are way ahead of the game.
In most cases, if you have excellent credit and good income, the computer can give an instant answer. It only takes 7-10 days if you’re in a borderline situation with your credit. In that case, they would refer your application to an underwriter and ask for more documents. If you have instant approval, then you’re good. The money should be disbursed to your daughter’s college in time for her to register. I would follow-up with the bank just just to make sure the money is there by fall.
A Parent Plus loan is not administered by a bank. The school takes care of it. You will need to sign the promissory notes, etc. I think the interest rates are set on July 1, so doubt anything could be done before then.