<p>I'm not sure if we'll have the money right away to pay balance of tuition bills when they come due. Can we take out small Parent Plus and just pay back in full few months later and only owe the interest on that small time period?</p>
<p>Yes, but if you will need that money again next year or term, you might as well keep if for then, because each time you apply, there is that origination fee. Compare what the costs are either way. Plus its a pain to apply if not necessary to do so.</p>