@Braxien In my mind my Sim feels like part of the faculty at Foxbury and that the house she is living in is more like faculty housing rather than a private residence. I've even kept the outside appearance the same (except for adding a garden) to go along with this story-line I have created entirely in my head. She's a full-time Botanist working on a second degree in Psychology and when she finishes that I will switch her over to being a professor. If I was playing any other story-line I don't think I would choose to live in Foxbury. I can put up with a certain amount of Uni student foolishness as just being part of what a faculty member might have to put up with in a Sims world, but if it gets to be too much I will just move her somewhere quieter.
Coincidentally, this Sim won The Lottery (1 million Simoleons) while she was still a full-time student so she can pretty much live anywhere she wishes ;-D