It’s cheaper for Cal Poly stu­dents to live on cam­pus, re­port shows

The Tribune (SLO) - - Front Page - BY LU­CAS CLARK [email protected]­bune­news.com

Cal Poly stu­dents can save an av­er­age of more than $600 per month by liv­ing on cam­pus rather than rent­ing an apart­ment in San Luis Obispo, the best of 48 uni­ver­si­ties ex­am­ined in a new re­port pub­lished by the real es­tate web­site Tru­lia.

In the study re­leased Thurs­day, Tru­lia looked at col­lege towns around the coun­try to com­pare what stu­dents pay for on-cam­pus hous­ing ver­sus prices for two-bed­room apart­ments off cam­pus.

Cal Poly stu­dents who lived on cam­pus saved $636 per month, Tru­lia re­ported.

The me­dian rent for an of­f­cam­pus two-bed­room apart­ment in San Luis Obispo would be $1,553 per per­son, the re­port said, while the es­ti­mated monthly cost for liv­ing on cam­pus would be $917.

Felipe Cha­con, a hous­ing econ­o­mist at Tru­lia who au­thored the re­port, said one of the ad­van­tages of on-cam­pus hous­ing is that stu­dents don’t have to pay rent be­tween semesters.

“While some off-cam­pus hous­ing providers of­fer aca­demic-year leases, most rental agree­ments are for a stan­dard 12-month term,” Cha­con said in the re­port. “Given that, we wanted to know how prices for on-cam­pus and off-cam­pus hous­ing stack up against each other if a full year’s worth of rent for off-cam­pus hous­ing were con­densed into nine months to make the two com­pa­ra­ble.”

The re­port showed that in 28 of the 48 col­lege towns, it was ei­ther the same price or cheaper to live off cam­pus, with an av­er­age sav­ings of $219 per month for those with a room­mate.

Of the 20 lo­ca­tions where on-cam­pus hous­ing is less ex­pen­sive than split­ting a twobed­room apart­ment off cam­pus, the av­er­age monthly sav­ings is $221, ac­cord­ing to the re­port.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.