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PhilipL comments on Mistakes repository - Less Wrong Discussion
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My girlfriend was required to live on campus for her freshman year- when she moved out, her rent was $300 cheaper, the apartmant was twice the size, and it also seemed nice to have a freaking sink, and not leave the dog at home. And I would expect the cost of a monthly bus pass to be exceeded by gas alone. So why was this a mistake for you or your friend or whomever? It's not at all obvious to me.
I've heard (but not experienced) that having to commute to campus, as opposed to being within walking distance, made people less likely to attend class regularly, and having to deal with any consequences of that. Obviously it depends on the person though. And on top of that, public transportation (at least in the US) can be slower and/or more unreliable compared to driving.