Personal Finance Lesson 112: Housing in College

There are many choices that you have to make before going to college, but one of the most important ones is where are you going to live? Off or on campus? Does the campus even offer dorms?

The freshman year has the most severe adjustment process. If you’re used to being self-sufficient and are capable of cooking your own meals, doing your laundry, and all of the other basic chores, than you will probably be fine. But the people that haven’t spent more than two hours all by themselves, those are the type that’ll take a while to adjust.

There are some advantages to living on campus:

  1. Someone cooks for you
    1. Big advantage if you don’t know how to cook
    2. You don’t know what’s in it
  2. You’re close to campus
  3. You can meet people
  4. You can get scuttlebutt (info) on classes/professors

Then there are some disadvantages

  1. You may gain 5-10 pounds
  2. Offers little individuality
  3. Roommates might be intolerable
  4. Noise level might be high, as well as the price
  5. You might prefer a place of refuge from campus

As you can see, there are multiple advantages to living on campus, as well as some disadvantages. You have to look at the overall picture and see what fits you best.

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2 comments on “Personal Finance Lesson 112: Housing in College
  1. On the note of having someone cook for you — you save so much time! Cooking a real meal takes much more time (at least at my frozen pizza skill level) than having someone cook for you and in college that can be huge!

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