Not necessarily. You may be offered more than you really need, and it is tempting to use that money for something you want right now. Carefully read your student financial aid letters from colleges, and review the numbers to ensure their estimates of your costs seem on point. Adjust the figures as necessary, and then subtract your grants and scholarships from your total expenses. The amount left is what you need to cover, but you may be able to find other sources of aid without taking out the maximum in loans.
Further Reading
Reading Your College Financial Aid Offer