Totally depends on teh school...so ask around on the campus.
That said, my reasons for dorm life:
1. Food. It may not the gourmet, but you don't have to shop, you don't have to cook, and you don't have to wash dishes. Nuf said.
2. Friends. They aren't a block away, they're down the hall. A true blessing for the less than totally extroverted.
3. Stability. Less chance of eviction, crazy landlords, or having your room being condemned as a health hazard. As a note, all of those have happened to people i know...
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