Know what you're paying monthly and budget your money from there. Living alone vs. the roommate Every responsibility is yours when you live alone. You're not worrying if roommates have their share of the money for bills and rent. But if you have roommates, the cost is split between you and your roomates. With a roommate, make sure you know what you're getting into.
Money is a big factor.
It can strain friendships. Believe me, I've seen it done. Time management Time management is more important when you're living off campus. You have to balance your days between classes, meals and possibly a job and other activities. There may be a lot of stress and strain on you, but being a little busy is probably most beneficial for time management because you're less likely to be lazy.