I am an adult student(33), married with 14mo living in student housing (hope to be moving soon). Although I am not a res life person, I can tell you some of the good/bad stuff about living in the dorm with a child.
1. culture, culture, culture. It amazed me how different cultures reacted to my child and NIP, especially the men. American boys either just flat out ignored me or got embarressed when they realized I was NIP, but Indian, middle eastern and Asian men would walk out of their way to say hi and play with him for a bit, and would smile when they saw me NIP. It was also the foreign men who were more likely to immediatly offer assistance to me if my dh wasn't around when I was trying to haul ds, diaper bag, and blanket around for the fire alarms.
2. although I haven't used a babysitter, have had lots of offers from other moms on campus and regular students.
3. Campus life: from family fairs, to movies, to student union bowling and pool, to museums and sculputures there is always something to do. Even just walking around campus is pleasant.
Cons: (some of these are specific to our campus, but you might want to find out if they happen in the dorms you are thinking of staying in)
1. fire alarms (drills aren't a biggy...happen during day and know about them). The middle of the night when it is snowing/raining/sleeting and you are awoken abruptly to a screeching alarm and have to dress yourself, your child, grab a diaper bag, car keys, and blankets (and, if there is time, cover your computers with plastic to avoid water damage) and haul them away from the building in a rush. Here, all the apartments have kitchens and with the number of people with no idea how to cook, there are fire alarms constantly. Stupid stuff like leaving a pizza box on a stove and turning on the stove.
2. campus life: drunken, high, and ill-behaved students. Hard to explain to a child why they can't do something stupid, like standing on top of the bike racks, when they see people doing it. Lots of loud stereos, stinky food, smoking and bad language.
3. drivers on campus: take the worst drivers you meet on the roads and put them all in one spot and then give them alcohol. Now, try to walk across the parking lot, or a crosswalk. Can be sorta scary.
4. Water damage. This dorm is a high rise. Between the automatic sprinklers when a fire alarm goes off, low-flow lowest-bid-won toliets that always overflow, and general stupitidy (overflowing bathtubs and people leaving open windows and freezing the pipes) we have water running into our apartment at LEAST once a week. the maintence guy knows us from all the ceiling tiles he has had to replace in our apartment.
5. Laundry is a big pain in the butt! There are coin washers and dryers (although not on my floor), but it seems like people are always forgetting to take their stuff out, the machines seem smellier than regular laundromat machines, and people are more likely to dye their stuff in the machines and not run a rinse cycle afterwards. Also, machines are overpriced because they have a captive clientele (sorta like hotels).
6. Decor. I know this shouldn't matter, but I am so sick of flourecent lighting in every room, concrete floors covered by industrial carpet, office type ceiling tiles and extremely white walls. Everything has a cheap and industrial look to it. Appliances are small, counters are warped and there is no trim or anything extra anywhere. Rooms & closets are odd shaped, weirdly arranges, and small. Remember, it was built by whomever would do it the cheapest and it shows. And then they have the nerve to charge twice as much (or more) of an equivelent off-campus apartment.
Besides these things, our resident life people have to do safety checks and deal with staffing (front desk and computer lab) and any problems. They check to make sure you don't have candles, guns, halogen lamps, too much trash, bathtub is clean, and stuff like that.