4 Alternatives to Dorm Living for Financially Savvy Students | SayCampusLife: Campus News, Sports and Events – SayCampusLife

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4 Alternatives to Dorm Living for Financially Savvy Students | SayCampusLife: Campus News, Sports and Events   SayCampusLife

by Brooke Chaplan

reposted from Source link

Living on campus can be very expensive – especially for students with tight budgets. So look for dorm room alternatives that include small flats and more.

• Opening Intro –Going away to college doesn’t mean that you need to go into debt.

  There are affordable living options available to students if you’re willing to get a little more creative.

Here are some alternatives to consider when dorm living doesn’t fit within your budget.

Get a Roommate

A roommate can help to share some of the financial burden with you when you’re living on a limited income. The number of roommates that you’ll require will depend on the cost of the unit. This could include renting an apartment or even a whole house depending on the total costs that are involved.

Take into account the other expenses that will go along with living offsite. For example, electricity and food are additional expenses that need to be factored into your monthly budget.

Expand Your Radius

In some areas, finding a place to live that’s just outside of the typical college radius can save you some money. This may mean that you need to leave a little earlier to get to your classes on-time, but the savings will pay off later in life.

There’s always the library that you can set up shop in between your classes if you decide to live in another town. Pairing this option with a roommate can make it easier to afford your education.

Consider Tiny Options

More and more people are moving into tiny homes in order to save some money. Look into granny flat builders so that you can have your own space without having to break the bank. Another good thing about this option is that everything’s new and fresh so you don’t have to worry about the cleanliness factor. When you’re done with your schooling, you may even be able to rent out this space to another student or continue on until you’re more established.

Co-Op Solutions

Living in a house with a lot of other students is another way to maintain your financial stability. Look into renting a room in a boarding house or a co-op solution. This is one of the more cost effective solutions because you aren’t responsible for the utility costs since they’re built into your rent. You may even be able to find a place that’s relatively close to campus in order to save yourself the transportation costs.

There are alternatives to living in the dorms that offer you a better chance at staying out of debt. Use these solutions so that you can find the right fit for you.

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