As of the moment I am at a Community College living with my parents (so basically all of my living expenses are paid for and I will have leftover money from the Pell Grant). I plan on transferring during the Fall 2016 semester and I realized that when I transfer, I may need to take out more than the academic yearly limit of subsidized loans ($5500 for third year students). So, if I take out more than the yearly limit of subsidized loans, then I will also need to take out unsubsidized loans for which I will have to pay interest.
Would it be a good idea to start taking out the maximum subsidized loans for this academic year right now before I transfer?