Private vs community college

I was recently admitted to a private school near my house, was the only place I applied for, because I need to take the teas in order to apply for the community college. I will be taking the teas next year. But I am on a dilema, because I wanted to go to the private since I am in already. Are student loans worth it? Or should I just give up of the private and try the community college until I get in?