Is it better to borrow all the money I will need for the next two years of school or should I just borrow what I need for this year and apply again next year? What have you all done and what works?

I know that if I borrow everything now, I will be incurring interest on the loans, but at least I will have the money secured. I was planning on borrowing as much now and stashing it in a high interest savings account.

Any thoughts?