<p>Momiac, several things you need to consider on why living off campus is cheaper. It’s all about the opportunity cost:</p>
<ol>
<li><p>Some students who live off campus still eat at the dining halls. In fact, they get a cheaper meal plan (because they aren’t mandated to have an unlimited meal plan). Because some houses are literally right where campus is, this is very possible.</p></li>
<li><p>Even if you have a car or are buying food, it actually is still cheaper. Rising food prices aren’t as expensive as you think (and those inputs would be factored in a student meal plan). Regardless, the amount you would drive would be minimal. But, even then, you don’t need a car. Plenty of students actually use services that deliver food to your house (nifty, eh?).</p></li>
<li><p>Utilities aren’t expensive. Since in MA a landlord can’t charge you for water utilities you just have gas and electric. Gas prices are really low right now. Though the cost rises in the winter time, you have to understand that you live with other people so the cost is spread thin (e.g. you each pay your fair share).</p></li>
<li><p>Think of it this way: Let’s assume no food or car because a student who lives on campus and a student who lives off campus both have the same meal plan. If this is the case, then–</p></li>
</ol>
<p>Tufts room and board ~ $10,000 (no one will dispute this).</p>
<p>Off-campus ~ $650 per month (I know people who get 550 a month, but let’s just take a range between 600 and 700).</p>
<p>Since you are actually in school from September - May, that’s 9 months.</p>
<p>9 X $650 = $5,850 for 9 months rent off campus.</p>
<p>Now, let’s assume utilities. I will be outlandish and say utilities are 300 per month (this is very far from the truth (it’s way cheaper because you split with your housemates. Some months are 30 dollars for utilities). It depends on the month, but let’s assume gas, electric, and cable (like for the internet)). Seriously, anyone will tell that’s an absurd amount for utilities per month. I didn’t include laundry because in the dorms you have to pay for your laundry (while some off campus houses it’s free).</p>
<p>$300 X 9 = $2,700</p>
<p>So, </p>
<p>$5,850 + $2,700 = $8,550 which is less than ~$10,000</p>
<p>And that’s with outrageous assumptions.</p>
<p>That’s over the span of 9 months. Interestingly, most housing contracts are for a year. But you can rent it out over the summer and make some money off it and/or cover any loss for not being there. But if you are living there for the summer, it’s nice to have your own place. Plus, you have to pay additional money if you were to live in a dorm over the summer.</p>
<p>But the form of insurance is usually done with a contract with the landlord. This is done via a deposit or whatever. Unless your student likes to burn houses down, this is not really an issue.</p>
<p>And, while you are right about furnishing houses, think of it this way–</p>
<p>You already have stuff from when you lived in the dorms. All that’s left are beds and drawers. Seniors who are graduating always sell stuff like beds for really cheap (like 10 bucks for a bed!). Why? because they have to get rid of it! They are going to a different city or can’t haul it or whatever. If they don’t find a seller, they essentially throw it away. Other furnishings in a house can be split with housemates and again, are very cheap.</p>