Moving out is a popular and valid option, especially with how expensive on-campus meals are. Even if you move out, the school will still calculate a 1098-T based on the total cost of attendance (it might be possible to go out of your way to decline part of your scholarship, but I have no idea how this works). But yes, moving out is a way to save money (but some of that money just funnels back into paying a tax liability, lol).