I'm not involved in the drama at school. Is that good or bad?

Sounds silly, but here goes:

I started grad school a couple months ago. Hardly anyone there know each other from before. In a span of two months, I have made some friends.

However, since I am a commuting student, I am not really involved in the “drama” at school (drama=gossip, not an actual school play). That is, people talk about weird things that happened to them while they were at happy hour, etc. and I would have no idea what they were talking about.

I actually feel ok about it. Finals is coming up and people are panicking. I definitely don’t mind having the peace and quiet to study and focus on my work.

On the other hand, I just want some insight from someone who has been or currently is involved in some sort of drama, whether at school or at work. What is it like to be in such a situation? Are you happy that you are in such a situation? Why or why not? If given a choice, would you choose to be in the drama or not?