There were other students on campus my age and older, and they did not seem to have a problem adjusting, so I think it has a lot to do with your tolerance level, ability to adapt, etc. If it’s the cheapest alternative, then I say go for it. Sometimes dorm rooms can be cheaper than off campus housing and vice versa.

I would suggest that you and your friends just get a cheap apartment. If you shop around, you can find apartments for much less than the dorms. You have the abilities and maturity to understand what comes along with an apartment and living on your own, and you have two others that seem to be willing to share it with you.

How much…

to rent an apartment per month then add up year.

for a dorm room for semester/year.

for a hotel/motel for 4 days a week for semester/year.

or maybe someone would be renting a room/rooms to students. See how much that would be for semester/year.

Then choose the cheapest one. Save as much as you can!

I found interesting information about your answer, college loans, scholarships, college grants here.http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.htmlGood luck!