Room and board go hand -n- hand when it comes to a college education. If your reading this, chances are you are not attending in a location where you can still reside with your folks. That means you gotta live somewhere.
Dorms? - The good... well there aren't to many. But they are convenient to everything on campus usually. They are a great way to meet people. The bad.... You can get stuck with someone or someones that your not compatible with. Normally they are way overpriced for what you get. Most of the time, the school will require you to reside in one for the first year of your education. I would opt out if you've already lived in one for a year and started your circle of friends.
Renting close to campus - This is a great way to cut costs if your looking to do so. Also, if your responsible, you can live almost for free as I did. I had some not so responsible friends that we all wanted to split with. I rented the 4 bedroom house. Got the utilities in my name. Then I sublet the rooms out to my friends for a flat fee so they wouldn't have to deal with all the bills. Follow my breakdown and you could be living super cheap or free.
~Rent for 4 bedroom House - $1200
~~Electric - $300 (Florida is hot)
~~Water - $80 (all dudes and we generally take fast showers)
~~TV/Inet - $100
~Total - $1680
Monthly rent for everyone but me. $500
So.....Doing the math right, you guessed it. My monthly rent and utility bill was about $180. Honestly, sometimes is was lower but then again it was sometimes higher as well. With water and electric, those things tend to fluctuate about 15%. My average was around $180 but would fluctuate between $150 and $215. Still, a heck of a deal for putting in the minor effort.
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