It is a common misconception that there are huge differences in colleges. They all are basically the same except for the specialty schools "famous" for their programs. I think that in your case, staying closer to home is the wiser and smarter choice. If your financial situation is as tight as present here with your words would say that moving out may increase the stress of your situation and that is not a good thing to have hanging over your head. Ultimately, the choice of the college will be your own decision. How much quality time you put on your studies will make then super valuable. Far too many students go to party, drink and hook up with women. Kind of an expensive place to focus on such trivial experiences. Nothing wrong with fun and having a good time with friends. All I am saying is that some people put more effort on the non academic side of the college experience. At home you also have familiar surroundings. Being homesick afflicts a lot of freshmen students. I would play it safe. I would stay at home and work your but off getting good grades. Best wishes.
It really depends on what you need. If you just want more than a high school diploma, you cold just just go to a college near you. If you have a college you really want to go to you should. I wouldn't really reccomend loaning money though.(unless it's from a close friend)