Want my answer? I did that. Saved money and traded away the experience for the CC route. Looking back, I often think I did miss out some and didn't have enough experiences I wished I had. Even if you live somewhere else to attend a CC, it's still not the same as dorms or just being at a 4-year college in terms of opportunities, clubs, people, etc. Not even remotely in the same world. Two completely, totally different environments. Don't count on staying home to with most of your high school friends around, too -- they probably won't be around either. They'll largely be out at other schools.
On the other hand, yes, my loan pile is considerably smaller. That does make my life easier now. I still got the schooling I wanted. I still got done in 4 years (I didn't get to take very many fun gen-eds as a side effect of CC, but whatever). Still got my STEM degree and job after and whatnot. I still made friends and still did stuff and still did fine... But I'd be lying if I said I didn't feel like I definitely missed out on quite a bit of life experience in order to chase money savings.
For your situation, if grades or school habits matter, that's the one place where CC does excel ahead of 4-years. CCs will take care of kids and help them better early on, or at least that's what I thought and saw of it. No giant lecture hall crap for entry classes, a lot less filter-out class type stuff at CCs. It's all treated basically the same there and they can help build skills and study habits. That's not to say you can't also find those resources at a 4-year, obviously you can, but it may be easier to work with at a CC. At the end of the day, it all transfers in the same.