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It is a time for many kids to get out on their own and learn to be independent.

Or alternatively, to experiment with everything from sex and drugs to business models in a curated environment, with partial financial support and liquidity provided by parents and/or the taxpayer. Your point is good, but perhaps live-in college fosters interdependence as much as independence.

one of the last chances you will have to be around many single men/women

There are these things called nightclubs :)

Nightclubs, yuck. I prefer a more non-hostile environment like a university. :)

Well, there are also cons, but I hear that the single women at these events are under-represented, and a lot of the single men have good reason to be single....

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