We highly encourage all students who rent off campus to consider all costs (not just rent & food) when budgeting. These costs may include utilities, internet, furnishings, insurance, etc. In addition, students should consider that the housing & food budgets used for financial aid are meant to cover costs during the 9 months of the academic year (September – May). Summer is not covered.
Students who live off campus are responsible for the terms of their lease agreements and related expenses. For example, if a student determines they will break their off-campus lease, then the student is responsible for any related costs and terms of their lease agreements. Students currently receiving financial aid are encouraged to contact the Office of Financial Aid with questions as they plan for the upcoming year.
In general, students who intend to rent housing off campus should consider whether the total off-campus housing & food budget is enough to pay for rent, food, utilities and internet for one academic year (9 months). Some students may choose to sign a yearlong lease and rent for 12 months. Students who sign yearlong leases should consider the extra cost of renting over the summer or should plan to extend their 9-month budget over the course of 12 months. The budget estimates below assume students are sharing a space and living in the equivalent of a ‘double’ rather than living alone (or the equivalent of a ‘single’).
Example 1 (month-to-month for 9 months):
If you plan to rent housing for the 9 months of the academic year, you need to determine if the housing & food budget of $16,432 divided by 9 months, or $1,825/month, is enough to pay for rent, food, utilities, internet, and commuting costs to Pitzer per month. If yes, then it’s likely that living off campus could be as cost effective as living in campus housing. If no, then living off campus will be costlier than living in campus housing. See Aid & Refunds below for additional information.
Example 2 (full year, 12-month lease):
If you plan to rent housing for 12 months, you need to determine if the housing & food budget of $14,996 divided by 12 months, or $1,369/month, is enough to pay for rent, food, utilities, internet, and commuting costs to Pitzer per month. If yes, then it’s likely that living off campus for 12 months could be as cost effective as living in campus housing for 9 months. If no, then living off campus will be costlier than living in campus housing. See Aid & Refunds below for additional information.