Lindsay Lohan, in no big rush to return to the temptations of Hollywood, is preparing college applications with her father and could end up attending New York University.

“Despite what so many people think, Lindsay is an incredibly smart girl and always wanted to have that college experience,” our source said. “She’s looked into a few institutions on the east coast and will most likely major in something like psychology. At this stage, NYU is a hot favorite.”

Pop Tarts also has learned that her father, Michael Lohan, arrived at the Cirque Lodge facility on Monday night to spend five days with his daughter, and apparently the two are preparing applications for Linds to start studying in the spring.

Sororities are salivating at gearing their Rush campaigns t0 lure Lindsay Lohan into being a Chi Omega, Alpha Omecron Pi, or Alpha Delta Pi, etc.

Where do you see Lindsay attending college? Perhaps Motlow State?