Hmmm, it only took me about 30 days from application to acceptance, but I got in about a year before the post-9/11 rush of patriotism. Also, I jumped into the enlisted CASH program for a year first, so I was already getting paid. I actually had 80, or more credits when applying, too. I still used the max time allowed, though, 'cause I switched schools and changed majors (that's why I did the CASH program first).
It's nice...on Aug. 9th I'll get my >3 year pay raise and I'm already at E-5 b/c I've graduated (BS Physics)...now I'm just working out until OCS on 18OCT03. Not bad. I would think it would matter what program you want, too. If you're wanting NUPOC, or medical program and you're qualified...I'd bet they'd snatch you up pretty quickly. If you want a really popular/competitive designator (like pilot), then you probably wouldn't get it in time. Go ahead and see your recruiter and apply. It can't hurt...only help! Good luck.
JR
www.jdroseberry.info