No, after April 1st. And if you don’t hear back, again after May first.
And yes it’s never a good idea to borrow the full amount for college, regardless of college. It’s risky to borrow more than 5.5k for freshman year /27k total for 4 years. The decision to borrow should be tied to the major and the minimum/average first salary (ie., if your major at your college has a minimum average salary of 45k then 45k is the maximum you should borrow TOTAL for ALL FOUR years.) It’s not a good idea to borrow full costs because it’s impossible to pay back that much.