Online Classes Mean No Dorm, Gym or Debt

Omen of the Birds (1964) ...item 3.. Grandmoth...
Omen of the Birds (1964) …item 3.. Grandmother killed by horrific flesh-eating disease just five days after first complaining — Cape Fear Valley Medical Center .. Fayetteville, North Carolina (24 September 2012) … (Photo credit: marsmet451)

Simon Johnson, bloomberg.com

Numer­ous arti­cles and com­men­taries from inside and out­side of acad­e­mia are rais­ing the alarm that Amer­i­can pub­lic high­er edu­ca­tion faces an unprece­dent­ed finan­cial cri­sis.

For years, state leg­is­la­tures have been dis­in­vest­…

RT @BloombergNews: Jeb Bush & Randy Best: Online classes mean no dorm, gym or debt | http://flip.it/YsCYp (via @BloombergView) http://flip.it/cbBuR

Online Classes Mean No Dorm, Gym or Debt

Crowd-sourcing college housing: repurposing the McMansions

Foreclosure
Foreclosure (Photo credit: zane.hollingsworth)

Increasingly I’ve noted the rise in the rental economy in the USA as the previous ownership mentality of many Americans traumatized by economic collapse and wealth inequalities is replaced by one of access. One interesting example of this is college students who, according to a slew of recent articles, are now taking over McMansions which have gone into foreclosure. For example in Merced, CA, students at the local U. California school are now able to rent one of hundreds of foreclosed luxurious homes in overbuilt planned communities for a bargain price and enjoy amenities such as jacuzzis, pools, three-car garages, wall-to-wall carpeting, granite kitchen countertops, walk-in closets, inviting gas fireplaces, light-filled living rooms, master bathroom sinks. Not the same as the cramped dorm room of our college years, eh? On-campus room and board is $13,720 a year, compared with roughly $7,000 off-campus. But renting a McMansion they can each get a bedroom and often a private bath, pay $200 to $350 a month each.

Students find lush living for $300 a month – Boston.com.