You might be tempted to borrow all that you're offered or are eligible to borrow, but it's important to remember that you will eventually have to repay the student loan. You'll do that with the earnings from your new career — earnings that you'll also need to cover all your new living expenses. Be sure to borrow only what you absolutely need, and use your student loan money only for expenses that are necessary for you to achieve your education goals. No, a new flat-screen TV does not count. Yes, a computer does.
It all comes down to this: You don't want your first few years out of college to be a financial burden, so don't let temptation lead you to over-borrow.