What if our students can’t afford to live near campus?
Reported by Higher Ed Dive, RealPage analytics data shows that new student housing planned builds look to be down about 50% this fall compared to the pace seen back in the 2010s. While slow enrollment growth has slowed the need for net-new housing, the problem is that alternative off-campus housing rents have skyrocketed over the past couple years with the change in the housing market.
The takeaway? While tuition affordability is top of our mind as we seek to help prove out higher ed’s value to an increasingly skeptical audience, we may be about to hear a bunch of new stories about the reason some students stop-out being that they can’t find an affordable place to sleep at night nearby while learning.
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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