Just friends? Should I cut him off?

Lae
Hey ! So basically I will try be brief. I met this guy he seemed pretty kind, friend and sincere which he really is don't get me wrong but things sort of changed. 
We've been talking for 2 months and had asked me out for a date, everything went perfectly well, then we went on the second date on Valentine's Day at his place. We were acting like proper couple and everything seemed so natural tbh. He's in University and doesn't have much time which I know but now he tells me that he's not ready for a full commitment relationship once we won't be able to give 100% to it. He thought he could but now he realized he can't . And don't want us to catch feelings. We want us to still hang out, watch movies and chill but as friends. He wants the tries things in the future but what if he finishes uni and don't even stay with me? Honestly I don't know what to think or do, he should've told me before not now. He doesn't see how things can work in a relationship and I'm scared to catch deep feelings for him cause I was slightly doing it and at same time I don't want to lose him as a friend cause he is a nice person after all .  Do you reckon  I am doing a huge mistake by keeping contact with him ?