For Parents
Q: Is it less expensive for my son or daughter to live off campus or on campus?
A: The answer to this question depends on many variables. In addition to just dollar amounts, you need to think about the other differences between on- and off-campus housing that could make one a better option for your son or daughter. For example, if a student lives off campus s/he may need to sign a year-long lease. In comparison, if a student lives on campus, his or her housing contract only applies to the academic year. Depending on your personal situation, one of these two situations may be preferable.
The cost to live on campus varies by location. Information about costs to live on campus can be obtained from the Office of Housing, Meal Plan, and I.D. Card Services website. Remember, these housing costs include ALL utilities, as well as local phone service, cable, and a high-speed internet connection.
The cost to live off campus also varies a great deal. Some factors that will affect the amount of rent a student pays are:
- How close s/he wants to live to campus.
- How many bedrooms are in the house or apartment.
- How many people are sharing the cost.
- Whether the unit is furnished or not.
- Which utilities are included in therent.
In addition to rent, it is very important to consider the other costs that your son or daughter will be responsible for as an off-campus renter: utilities such as heat, electric, and hot water (if not included), cable, internet connection, and phone service.
Preparing a budgeting worksheet may help your son or daughter decide what is best for him/her. For more information about managing finances off campus please click on this link.