Depending on one’s financial aid, there are different ways of paying for off campus housing. When a student receives financial aid, whether through loans, scholarships, or grants, ones tuition bill which includes the cost of classes, usage fees, and other activity fees gets paid to the University first. After these fees are covered and if there is any money left over, one will receive a refund check. This money can either be direct deposited into a student’s bank account or given to the student in a check form. Most students who live off campus decide to pay for their rent with these refund checks. By doing this, they do not have to worry about rent for the entire semester. Depending on the landlord, they might prefer cash, money order, or check.
For students who do not receive financial aid or prefer to pay out of pocket, you have to find out from the landlord of that property if you can pay on a monthly basis. For the most part, landlords would prefer to receive one payment in full, but some can be very lenient. The way you pay for your apartment all depends on your financial aid or if you are willing to pay out of pocket. Paying out of pocket for rent and paying bills at the same time can get strenuous. This factor should be considered when trying to live off campus. Deciding how one will pay his rent is a major component of living off campus but it is very important that the best choice is made. If not, this decision can influence how ones money is spent for the rest of the semester
Malaika, you should talk to people who pay their rent in a single lump, and to people who pay monthly, so that you can quote them discussing the pros and cons of each method. You should talk to their landlords, too, to find out the pros and cons of each method from their perspective.
ReplyDeleteWhere did you get your photo illustration, did you get permission to use it, and where's the credit line? Also, does anything about the illustration suggest "rent," as opposed to simply "money"?