Hello. I am an incoming sophomore and am very stressed about housing at Northwestern. Here is the situation:
I signed the housing contract for 2015-2016 over the winter without really comparing the costs of dorms vs. off-campus. I thought that they would be about the same cost and most NU students live on-campus for sophomore year anyway (plus I didn’t have any good friends to live with). However, this summer my friend was talking about his savings from living off-campus and so I looked into the numbers and it turns out that off-campus is WAY cheaper. Here are how the numbers roughly break down from what I have seen.
On-campus:
~$15,000 for room & board for the school year
Off-Campus:
Average rent is about $700/month. Possibly only $400-600 you live with roommates in a more run-down apartment (which I don’t mind). Add $50/month to this for utilities/wifi. About $200 per month for food. This adds up to (on the most conserve side) $8,550 for just the academic year, about $9,600 if you summer sublet for half the rent, and $11,400 if you stay all year round (or can’t find a sublet). This is over $5,000 cheaper than if you live in dorms. If you have a rent around $525/month it comes out to $7000 per year, a savings of $8,000!!
Somebody please correct me if these numbers are off.
Now from what I hear you need a car (which I don’t have) to get groceries from places other than Whole Foods (which is very expensive). However, I think I could find a way to rent or borrow one.
Now that I have seen this I very much regret signing that housing contract and wish I could live off-campus. I feel incredibly guilty making my parents waste $5-8,000 for me to live on-campus. I’m not sure why so many sophomores live on-campus knowing this. Maybe they are just ignorant of the magnitude of the savings like I was? Or maybe they are just rich and don’t care about the extra cost. My parents are upper-middle class and can afford it, I just feel like shit for making them pay it anyway.
Anyway, hindsight is 20-20 and my ultimate question is what should I do now? Is there anything I could do with only 15 days until the school year begins? I read that my contract is cancelled if I find a new person outside of University Housing to take my room, but I find this very unlikely at this late stage and I would still need to find an apartment to move into as well.
Any advice on the numbers I have thrown out there or more importantly what I should do now is appreciated. Thank you.