I think the pros are compensation, leadership building, and if you want a life in higher education, such as working in housing or as a hall director, etc. it can certainly be a springboard. You also make great relationships. It’s just a great job to spin during interviews - all the skills from motivating to conflict resolution you gain.
The flipside is - meetings, babysitting…does it impact your school? Also, while your friends are off campus having fun, you’re living likely with first years.
I personally think it’s a wonderful opportunity, but certainly not for everyone.