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Quote by: Chaossaber314  I disagree with this statement completely.
I paid $425 a month living in a nice 2 bed 2 bath apartment. Paying for 12 months it was actually 4k cheaper than living in a mediocre one room dorm with a roommate with a shared bathroom for even more people. Moving into a crappy apartment saves you even more. |
What year was this and what university? In 1998 I paid $325/month to live in my off campus apartment in central Illinois. That didn't include any utilities. It looks like the same apartment complex units are going for $600/month today.
A Google search said that the average cost for room and board at a public school was $6500/year in 2006. Average for private was $7800/year.
You are not accounting for the other expenses of living off campus though. In addition to rent you have utilities, renter's insurance, transportation (if needed), and the biggee - the Board part.
It would save quite a bit of money to be housed and fed on campus but you also sacrifice any comfortable aspect of living to do so.