I live north of the river and I would strongly suggest that if you are single, or married with no children, live at CT. You will save money on gas, utilities, and food. Since you live across from school you can go home for lunch every day and not rely on buying lunch nor will you have to pack a lunch at seven in the morning. If not at CT, then go to pinnacles, or one of the complexes close to school.
Also, the Paseo bridge will be closing for 4-5 months in 2005 for repairs, so if you live north of the 29/35 split, this will cause extreme commute difficulties. Also, don't believe people when they tell you that you are only 15 minutes north of school. If you have to rely on 29/35 then you are 30-45 minutes from school if you leave after 7am. People tried to tell me that traffic was not bad here, they were not telling the truth. It is bad, and the majority of the drivers have serious issues with tailgating and using blinkers, so there are a lot of accidents. Add ice and you just make it more fun.