Christina
Living on campus or living off campus?
When coming to college, money is the biggest problem for me. I feel like living on campus is way better because all my resources are around me but I don't have enough money to live on campus. Living at home will be cheaper but harder for me to get to places. What should I do? I do not want to take out many loans, but I want to experience the college life and become independent.
#college #money #dorms #university #financial #help
3 answers
Tina Lao
Tina’s Answer
Hi Christina,
I faced the same dilemma when deciding what I wanted to do for university: live on campus, or stay at home? I decided to stay at home to save money, be closer to my part time job, and the free home cooked meals were an added plus!
While I did miss out on the dorm and room mate experience, I did enjoy having physical distance from school to allow my mind to relax, and saving money was great as I was able to pay off my debts soon after graduating.
That being said, I did miss out on social activities and on learning how to be out on my own. So if that is something that is important to you, it might be worth living on campus to get those experiences.
Another option is to take it year by year. I had a friend who lived on campus for her first year, experienced the campus lifestyle, and then decided to move back home and simply commute as she realized the lifestyle (and cost) wasn't right for her.
You can also discuss with your parents about what kind of financial aid they can provide, and whether they'd be open to letting you be more independent. This is what I did with my parents. I helped to pay some bills and they were more lenient about curfews and letting me manage my life more.
In the end, you should make a choice that feels right to you and that will allow you to lead the kind of day-to-day life that you want to have.
Good luck!
Tina recommends the following next steps:
Yvonne Koh
Yvonne’s Answer
Hello Christina,
Is renting an apartment/townhouse with other roommates near campus an option for you? The rent and utility bills are usually divided between you and your roommates, making it affordable especially for college students who have limited budget for living expenses. Getting around campus should not be a big problem if you don't mind walking or riding a bike. Do check out your campus shuttle bus service to figure out the bus schedules as well as the campus shuttle routes! It would be best if you could save some money without having to buy a car. Living with other roommates near campus not only allows you to learn to be independent, you will not be missing out the college life experience since you will be living close to campus. I hope you find a way that work best for you, good luck!
James Constantine Frangos
James Constantine’s Answer
Getting Started
Choosing between staying on campus or living off campus is a challenging decision, especially when you're on a tight budget. You, Christina, are currently grappling with this predicament as you aspire to soak in the college atmosphere and cultivate self-reliance without accumulating excessive debt. This piece aims to thoroughly dissect the advantages and drawbacks of both choices, and propose potential resolutions to your quandary.
Life On Campus
Residing on campus comes with numerous benefits, such as immediate access to academic tools, extracurricular engagements, and social gatherings. Students who stay on campus often find class attendance, involvement in study circles, and seeking professorial assistance more convenient. Plus, on-campus accommodations usually provide a range of facilities like fitness centers, study spaces, and leisure areas.
However, the cost of living on campus can be hefty, with prices varying from $7,000 to $17,000 annually based on the college and housing type (source: CollegeBoard). This includes room and board charges, which might stretch Christina’s budget if she doesn't secure substantial financial aid or scholarships.
Life Off Campus
Choosing to live off campus can be a more economical alternative to on-campus living, particularly if Christina opts to commute from her family's residence. This choice could save her a significant amount annually in room and board expenses. Additionally, Christina would acquire crucial life skills such as budgeting, meal preparation, and home management, fostering her independence.
Nonetheless, living off campus might necessitate longer travel times for Christina to attend classes, engage in extracurricular activities, and participate in social events. This could result in increased transportation expenses and potentially impact her academic success if she's pressed for time.
Possible Resolutions
Given Christina’s budgetary limitations and her ambition for independence, there are several potential solutions to her predicament:
Seek Financial Aid and Scholarships: Christina should investigate various financial aid opportunities, like grants, loans, and work-study schemes, to help offset the cost of on-campus living. She can also search for and apply to scholarships that match her interests, background, or academic accomplishments.
Explore Off-Campus Living Options: If on-campus living proves unaffordable, Christina could consider off-campus alternatives such as shared apartments or houses in the vicinity of the university. This would enable her to live independently while potentially saving on rental expenses.
Join Commuting Programs: Some universities offer commuting schemes tailored to assist students living off campus. These programs might provide additional resources, services, and support networks to help Christina tackle the hurdles of commuting while maintaining an active campus lifestyle.
Create a Budget and Financial Strategy: Regardless of where she chooses to live, Christina should devise a comprehensive budget and financial strategy to effectively manage her expenditures. This involves monitoring income, expenses, and savings, and pinpointing areas where she can reduce costs and make informed financial decisions.
Wrapping Up
In the end, the choice between on-campus and off-campus living hinges on several factors, including financial stability, personal preferences, and academic aspirations. By meticulously weighing her options and exploring potential solutions, Christina can make a well-informed decision that fits within her financial constraints while still enabling her to fully experience college life and foster independence.
Reliable Reference Sources
CollegeBoard
FinAid
NerdWallet
STAY BLESSED!
James Constantine Frangos.