So far I think I enjoyed high school more than college. Sure, I'm learning a ton more in college than I ever hoped to in high school, but high school was more lively especially being in the band and all. College sorta takes a back seat to my personal game development though. This is the time where we're supposed to start building a career, too many people I know waited till school was out to start thinking about a job or building a name, and they get stuck unemployed for quite a bit after school before taking the first job they can get: coding the HUD on some shooting game.
Not that I want a real job, but going independent requires a lot more work to get started than getting a job since you need all sorts of connections and business relationships to get anywhere, so I'm taking advantage of the fact that I don't need a job while in college to build my name and work on projects.
You hear how stuff like Braid cost 180k out of Jon Blow's pocket to make? Or see the estimations on how much 2Dboy spent making World of Goo? Most of that is living expenses (essentially what they don't make by not having jobs). I wouldn't have a job while in college anyway, so I'm not losing anything by working on a big project like that instead of having a real job.
Although college students DO know how to throw fun parties. All it takes is a friend over 21 and a little money, and the fun practically makes itself. And rock band.