Vantaggi
Great environment
Good schedule for studying on the side (specifically graduate school and taking classes)
Fun working with students
The work is academic and keeps you engaged
Later schedule means free mornings for errands
Vacation schedule similar to academic calendar
Svantaggi
Hours can be difficult when working with students straight from 3:00 PM to 10:00 PM with no scheduled breaks
Unlike regular jobs where there's natural downtime throughout the day (lunch, 15 minute breaks, etc), every hour is an hour where you have to be on, engaged, and focused when you have a full schedule
Working Sundays and M-Th until 10:00 PM makes evening work/life balance more difficult (especially when friends/SO work regular hours)