The draw period of a loan is usually determined up front and explicitly defined in the contract terms of the loan. The draw period consists of a time frame during which the credit facility may be accessed, and may include an increasing maximum as the loan gets older.
No. Generally, students who enter UF with 60 or more credits automatically meet the nine hour summer requirement; however, if you attended another state university (even for dual enrollment credit in high school) you may be held to taking nine summer hours at UF or another state university.
In college, the total amount of time I spend in class on MWF is 2.5 hrs and on TR is 2.3 hrs. But you also have to factor in a job (for example: work study) which, in my case, takes up anywhere from 1 to 4.5 hours every day (although this is going to vary greatly between individuals).