<p>$8400/12 months (to be charitable) = $700/month x 2 students = $1400/month for 200± sq feet of living space plus some common space.</p>
<p>You can get a 2 br/2 ba apartment with a full kitchen and laundry in this area of Nashville 5 times (!) this size for around $700/month (found searching forrent.com).</p>
<p>There can be no economic justification for why Vandy is charging 5-10 times the market rate for housing on a sq ft basis. The only justification is - “we can”. And they require students to live on campus all 4 years. I wonder why?</p>
<p>On the other hand, their meal plan seems reasonably priced - around $7/meal.</p>
<p>Just so you all feel better about your dorm rates…in case you haven’t considered NYU…</p>
<p>Looks like most undergrads pay $11,000-$15,000 year (these are mostly normal/small double dorms…not singles or apartments…those run in the $17,000-$19,000 range). There are a few “low cost triples” that are in the $6000 range (this is all from memory, don’t quote me). But there are also grad facilities that are in the $22,000 plus price range. None of these include food, by the way. </p>
<p>Real estate costs vary all over the country, as do the charges for the dorms. Nice and new, old and moldy. Crumbling or remodeled. They charge what they charge and you pay it or you pick another school. Can anyone say “supply and demand”?</p>
<p>Students who live on campus are paying for the convenience of being on campus (not having to find parking everyday), not having any utility bills, enjoying some of the nicer features that res halls offer: internet access, cable TV channels, rec rooms, music rooms, study rooms, media rooms, camera and guard security, indoor corridors (often apts do not have indoor corridors - a safety concern.) Also, the dorms are furnished (altho not with great furniture). </p>
<p>it’s not a great deal, but it’s often a more secure choice.</p>
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<p>Looks like most undergrads pay $11,000-$15,000 year (these are mostly normal/small double dorms…not singles or apartments…those run in the $17,000-$19,000 range).
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<p>Wow! I wonder how many prosprective students know this!</p>