i would reccomend moving as close as possible - i'll be attending this fall as well. Luckily, I live in the neighberhood, but being a New yorker my whole life I can tell you that the traffic is killer - at times, you'll be able to avoid it - but, at other times, you won't and a commute like that may burn you out. If you really want to, do it, and you'll be able to pull it off. But, to make things easier, i would reccomend moving close by.