Good question! You've received some great responses from the CV Profs. Without repeating it depends on your situation. There's no right or wrong answer here. However, you do get to experience college life by staying on campus. I did both when I was in college as my situation changed over the years. Living off-campus you won't have any rules to follow, privacy, home-cooked meals, etc. I hope this was helpful. Best of luck to you!
I think it comes down to what you want from your college experience. I lived on campus as well as off and three were pros and cons of both. If you are wanting to be a part of the "college life", then I would live on campus. You are closer to everything that is happening and there are always ways to connect with those that live in the same dorm as you. If you want time away, then live off campus. That way you can recoop and not have to live by the rules in the dorms! Good luck!