Be friends or let him go?

I have known this guy for 5 years, we have always got along so well and we recently decided to make it more so we started dating for a few months until he told me he wasnt sure if he was ready for the commitment of a relationship so we decided to stay friends which was so hard but i kept it up and after a couple months he told me that he still loved me but still didnt want the commitment of a relationship so we agreed upon "seeing each other exclusively" which we both acted like we were in a relationship and people generally just thought we were anyway until a couple weeks ago when again he asked if he could have a few weeks to just get his head together and decide for sure on what he wants.

I have told him that he has a few weeks and at the end of it if he decides his still not ready for anything less of a relationship then thats it. Im keeping false hope away the best i can just to brace myself for if he does say his not ready but he still tells me regardless of what happens he still wants me in his life

I moved out of my parents house and a few hours away from family and one friend i have left there, I also work and study everyday except for one which doesnt give me hardly any time to go see them and im not that great at making new friends but i do live near this guy so basically he is the only person i have anymore. Im struggling but just trying to keep myself as busy as possible and forget whats going on at the moment.

So i have a choice of if he says no, do i stay friends with him even though i still love him so its hard and hurts or do I try cut him out of my life as much as possible but then im left completely alone except for the once every few weeks i get to see my family and my friend.