Student Loans & Co-op Boards? & Mortgages?

My husband and I are looking to buy our first apartment – and we think we found one worth bidding on. (Whether the sellers like my bid is another story....) My husband is in business school and will finish in May ’10. We have taken out some student loans for his tuition in order to keep our cash position high. As the first repayment on his loans will not be due until 9 months after his graduation, we don’t expect to need to make any payments on these until Jan ’11. Other than those student loans, we are debt free. Now for my questions: 1) How do you think a co-op board will feel about the student w/ student loans situation? Will it hurt us? Should we wait until he is finished with school? 2) Ditto for mortgages. Any thoughts are appreciated.