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It's probably confirmation bias. Luxury college student housing definitely exists, but it's for rich Americans and rich foreigners. The maximum you can get in
by sct202 7y ago
It's probably confirmation bias. Luxury college student housing definitely exists, but it's for rich Americans and rich foreigners.
The maximum you can get in Federal undergraduate student loans as a dependent freshman is $5.5k / year. If you go over that you have to get private student loans, and most people don't get private loans. 92% of student loans are Federal and the remainder are private. https://www.nerdwallet.com/blog/loans/student-loans/student-loan-debt/ https://www.nerdwallet.com/blog/loans/student-loans/student-... Nobody is going to be able to afford a luxury apartment plus tuition on that a year.
- P_I_Staker 7y agoIt's worth noting that many students get supplemental loans, and some do use it to bolster their lifestyle. I have a friend that never worked, and got no help from his parents. He did splurge for slightly nicer housing, but it was reasonable (~$400/mo vs $250-350). However there were other people that bought TVs with it. Never heard anything about luxury college housing, unless your parents were loaded.