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Affordable housing seems to be going away quicker than the money in my bank account. I have noticed that a plethora of apartments have been going up around the campus, yet nothing that is in a reasonable price range. They are all “luxury apartments”. Grad students, though we would love to live there, really just can’t afford that. Most of the grad students actually pay about 40% of their paychecks to rent at UF. I think I am right at that as well, so not much left to save or spend on actually healthy food.
So, how do grad students afford rent? The simple answer is, they sacrifice something in order to pay rent. Many grad students will skip meals, skip seeing the doctor or dentist, skip eating out (which isn’t too bad), and also they will probably not have a car and stay in the town for the majority of their grad school experience. Sacrificing fun stuff as well as important things such as doctor visits is a major way to make sure rent is paid.
Here is how grad students afford rent:
1) They take out more loans.
This should only be done if you really can’t afford housing. Try and find places that are more affordable to reduce spending and reduce your debt as well.
2)They take on other jobs.
This can some times be hard, especially for international students that can’t get other jobs outside of their academic duties. Having a side gig is great but don’t let it get in the way of why you are here, to get your degree.
3) They apply for scholarships.
Many universities have scholarships that you can apply for that will help pay for most things, rent being one of them. If your school doesn’t have this option then try looking for scholarships on sites like Global Scholarships, Scholarships.Com, Fastweb, ScholarshipOwl, Cappex, Niche, and Goingmerry.
4) Grad Students get roommates
This is an obvious answer yet can be slightly difficult. Many, and I mean many, of the apartments are pay by room now. There are still pay by apartment complexes but they are very far away from campus. The new things is pay by room which means that the apartment complex can charge more for the whole unit. It is nice because you don’t have to worry about getting a roommate but also quite frustrating when trying to pay. Get a roommate and find somewhere that is relatively cheap to split the cost.
Grad school can be extremely costly and housing is one of the biggest chunk of payment. It is hard to pay for rent sometimes, but if you are truly driven and passionate to finish your studies then you will find a way. Above are just a few ways that I found how grad students afford rent. I have done 3 out 4 of these in order to pay for rent and I know how difficult it is. If you are going to grad school, make sure you have a plan. Good luck!