When deciding to live on or off campus, compare the pros and cons before making this big decision.
- Cost. Expenses such as security deposits, monthly rent, utilities, and parking should all be considered.
- Location. Is the location within walking distance of campus or will transportation be needed? Consider parking needs, vehicle costs, and if public transportation is available.
- Privacy. Dorm rooms generally have shared living space by 2 or more students. Rentals may have more privacy options, but this is determined by number of roommates, bedrooms, and bathrooms.
- Amenities. Air conditioning, heat control, laundry facilities, internet connection, and dishwasher may be available at rentals; however, living on campus provides daily cleaning of facilities and readily available meals.
- Security. Consider door locks, peep holes, and security systems when living off campus.
- Other. If contemplating off campus housing, some additional considerations include renter’s insurance, allowable pets, subleasing options, yard work requirements, furnished or unfurnished, and landlord availability.
Once the pros and cons of each category are compared, you can make a decision based on which is most beneficial to your personal situation. For more information and resources on comparing on and off campus housing, visit the Financial Literacy Center and schedule a coaching session today!