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Living in a college town -- stay or go?

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I'm just curious as to what choices people who live in college towns have made concerning attending the local university. I live in Oxford, Miss., home of Ole Miss, which is where I went to school. It has a top-notch honors program with generous merit aid. I'm trying to figure out which direction to point my kids; they aren't sure either. If they were to attend locally I would want them to live on campus, and later in Greek housing or an apartment. I grew up only 30 miles from Ole Miss, and it was convenient to go home for laundry, ect. But there is a difference between being 30 miles away from home and being two miles away from home. I don't need to list the pros and cons, just curious what choices other people might have made and whether they were happy with their choices.

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