Hi there,
It's great that you have to options to choose from.
Student accommodation has numerous advantages like being located close to the university, the chance to become more indepentent and making new friends.
However, even though you can reach out to your university's finance team who can help you find a funding plan you might be eligible for, if you have a healthy relationship with your family and would not mind commuting to campus, staying home might be your best option.
Living in accommodation can put a financial strain as you would be spending more money on groceries, toiletries, transport and entertainment (e.g. regularly going out to pubs or clubs with flatmates). Whereas at home you have family members who usually help paying for such goods.
Many worry that if they don't live in student accommodation they will miss out on numerous opportunities. But don't worry. All universities offer so much entertainment and social events that there will be plenty of activities for you to join whether you stay home or decide to move to accommodation.
Remember to ask your advisors and family members for honest advice.
I would recommend choosing the option which won't put you through too much stress.
I hope I managed to help!
Best of luck,
Melanie
LSBU Rep