How much rent is good for a college student?
Given that rent can be the most significant expenditure for a student, outside of tuition, establishing a monthly budget with a comfortable rent is crucial. Ideally, your monthly rent and utilities bill should be no more than 30\% of your monthly net (after tax) income.
Can college students rent?
College students can rent apartments. However, students must consider requirements to rent an apartment like proof of income. Large apartment complexes often require proof of income to ensure potential renters can afford living expenses. One of the most common forms of proof is pay stubs.
What is it like to live in a hostel in college?
In many ways, hostel life epitomizes the college ecosystem which is based on responsible dependency of friends. A hostel is not merely a collection of rooms and beds and tables. It is given life by the students which live in it. Living in a communal environment teaches students many values which they cannot learn otherwise.
Should I rent a flat or stay in a hostel?
Due to the presence of so many students, hostels are not conditioned for intensive studies. Rented flats however are perfect for such a situation. While hostels may have a safety net, rented flats have no such benefits. This teaches students to become fiercely independent and responsible.
How much does it cost to stay in a hostel?
Hostel fees varies from college to college. Usually, the annual fee for a room is around 70-80k. Naturally, fees at private universities are usually more than Government Colleges, but they come with many additional facilities. Many hostels these days have separate AC rooms as well.
What are the disadvantages of living in a hostel?
While hostels do offer a lot in terms of a vibrant community, they lack in one key aspect. Privacy. Staying in a hostel means giving up personal privacy to a certain level. Most things in hostels are communal, from toilets to mess and washing areas. This situation becomes problematic for many students.