You’re getting ready https://getbadcreditloan.com/payday-loans-in/spencer/ to embark on an exciting new journey: moving away for college. This often comes with a big decision, and you should keep the financial pieces in mind how do the expenses of living on campus compare to off-campus living? There’s no easy, straightforward answer to this until you explore and compare all of the available options in the town you’re moving to.
1. Renting an apartment vs. staying in a dorm.
It can be difficult to determine immediately whether dorm room costs or apartment rent would be higher because this really varies from one city to the next. In some cases, it can be difficult to find a nearby apartment that comes close to the prices that are offered at on-campus dorm rooms. On the other hand, many college students find that dorm rooms cost about the same as, or even more than, nearby private apartments. You’ll need to compare these costs in the town you’ll be moving to but also take other things in consideration, too. For example, if a dorm room costs the same or more, but saves you a long daily commute to class, the convenience could be worth it. A potential compromise: some schools offer off-campus housing in traditional apartment buildings that are just minutes away and with special student pricing.
2. Roommates and housing options.
If you’re living off campus and looking to save money, you’ll likely want a roommate. Continue reading “The Expense of Living On Campus vs. Off Campus”