If you're commuting in your own car, go for it. You avoid all the headaches listed above. When you're driving, you're in control of your own time. Learn how to avoid traffic jams by using the traffic layer on Google Maps. If you're going to commute using Go, that will be a big time-eater. Then again, you can study on the bus and the train. And nobody really spends much time studying nowadays anyway. Third best option for you, I think, is to spend the extra money and get yourself a good apartment on your own, instead of student housing.
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