That is what my breeder does as well.
My dog looks great, very structurally sound, is well bred and has plenty of drive for hunting and as my HT goals. His parents have more than enough health clearances as well. My breeder places all pups on limited registration unless you do all health clearances at 24mo, get at least one title, and she thinks he is a good rep of the breed. While on limited, any pups he sires may can't be registered. If she doesn't think he should be bred though she can say no and then the titles and health don't matter.
I am waiting until Riot is at least ~15-20 months before neutering, just so that he looks like a male dog and not a neutered dog but I do not plan on breeding him, even if it ends up taking longer to get the job done. I would kill to have a pup out of him, but that isn't a good enough reason to breed him IMO and he will never be near as nice as other stud dogs out there that could be bred to instead. $1000-2000 stud fee for the perfect compliment to the female is more than worth it, no matter how much you love your dog by your side once you look at all costs involved with having a litter.
Regarding health clearances, hips can't be done before 24 months and be considered official. Also, the breeder is the only person who can switch a dog to full registration.
Maybe later in life I will have the time and money to get a really nice male and get him where he needs to be for me to want to breed him, or a very nice female, but I can't see that happening before my 30's. Not sure what your plans are, but you are only a soph in college. You have more than enough time in your life to really put the time and effort into producing an awesome litter of pups rather than sentimental or just average pups (which you can just open the classifieds to find).