That's a big fast 'citation needed' for the initial claim.
I'm not sure where this idea comes from, but it's wholly false, at least at the myriad of colleges I've worked with, and generally true in urban settings [0]. Housing is often a loss for the university (hence the explosion of PPP to try and recoup those losses). Instead, especially at places like UCSB, it's landlords in the area that are a large financial burden for students. At my last university, rental occupancy within a 5 mile radius was at 98%, which exerts a huge upwards pressure on rent. Students were BEGGING for more housing, because campus housing was on-par or lower than the area, and comes with many other benefits related to travel and campus resources. Furthermore, college housing often provides a 9 or 10 month lease option, which can save a lot of money over an annual lease.
Additionally, there is regular evidence [1][2] that living on campus helps with retention rates, which is critical to avoiding the 'spending money, never getting the credential' problem plaguing higher ed. In this light, even if campus housing were somewhat more expensive, the benefit in completion could easily outweigh those costs.
Munger looks terrible, but there's a HIGH demand and LOW supply for housing at UCSB, and at urban colleges in general. It's not a cash cow for many, if any, campuses. Certainly not public ones.
0: "'When you look at the metros that have exceptionally high cost of living expenses like New York, Boston and San Francisco, there has been research done that those areas can be significantly cheaper for a student to live on campus,' says Amy Glynn, vice president of financial aid and community initiatives at CampusLogic, a firm that advises higher education institutions."
Definitely is the case at Northwestern. Forced to live in dorms the first 2 years which cost the same as a full year of a 1 bedroom near by and is much, much lower quality. And the force you on to the dining plan which comes out to being as expensive eating every meal at a legitimate restaurant.
I'm not sure where this idea comes from, but it's wholly false, at least at the myriad of colleges I've worked with, and generally true in urban settings [0]. Housing is often a loss for the university (hence the explosion of PPP to try and recoup those losses). Instead, especially at places like UCSB, it's landlords in the area that are a large financial burden for students. At my last university, rental occupancy within a 5 mile radius was at 98%, which exerts a huge upwards pressure on rent. Students were BEGGING for more housing, because campus housing was on-par or lower than the area, and comes with many other benefits related to travel and campus resources. Furthermore, college housing often provides a 9 or 10 month lease option, which can save a lot of money over an annual lease.
Additionally, there is regular evidence [1][2] that living on campus helps with retention rates, which is critical to avoiding the 'spending money, never getting the credential' problem plaguing higher ed. In this light, even if campus housing were somewhat more expensive, the benefit in completion could easily outweigh those costs.
Munger looks terrible, but there's a HIGH demand and LOW supply for housing at UCSB, and at urban colleges in general. It's not a cash cow for many, if any, campuses. Certainly not public ones.
0: "'When you look at the metros that have exceptionally high cost of living expenses like New York, Boston and San Francisco, there has been research done that those areas can be significantly cheaper for a student to live on campus,' says Amy Glynn, vice president of financial aid and community initiatives at CampusLogic, a firm that advises higher education institutions."
https://www.usnews.com/education/best-colleges/paying-for-co...
1: https://www.researchgate.net/publication/236730093_The_Causa...
2: https://www.ucf.edu/news/students-living-on-campus-experienc...