Living on or off campus - Which is better for you?

Should I live at home, on campus, or off campus?

Before deciding on room and board options when attending college, it may help to itemize and project expenses. These expenses will vary depending on whether you will commute from home, stay on campus or rent an apartment off campus. Use this calculator to help determine whether living on or off campus is better and to see the costs associated with these alternatives.

Assumptions

Number of years until college (0 to 10)

Estimated annual inflation rate (0% to 10%) help

Number of months expenses incurred each year (1 to 12)

Expenses

	At Home	On Campus	Off Campus
Cell phone ($)
Clothing ($)
College activity fees ($)
Computer equipment ($)
Entertainment ($)
Food (meals) ($)
Food (snacks) ($)
Furnishings (one-time) ($)
Furnishings (monthly rental) ($)
Health (insurance, copays, prescriptions) ($)
Housing (cable) ($)
Housing (renter's insurance) ($)
Housing (utilities) ($)
Housing (rent) ($)
Housing (one-time deposit) ($)
Internet access ($)
Laundry ($)
Memberships (gym, sports, etc.) ($)
Parking fees ($)
Personal (haircuts, household items, etc.) ($)
Telephone ($)
Transportation (gas) ($)
Transportation (insurance) ($)
Transportation (maintenance) ($)
Transportation (payments) ($)
Travel expenses ($)
Utilities deposit (one-time) ($)

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This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. Marquis, Inc., First Horizon Bank, and its affiliated companies do not assume any fiduciary duties and do not provide any investment advice in providing calculations. Calculations provided may differ from calculations made by other commercial or financial institutions or entities. In addition, such service should not be relied upon as the only source of information. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results. Use of service is provided without warranty of any kind, either express, implied or statutory, including FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, AND ACCURACY. Use of service is entirely at the user's own risk, and user should seek professional financial and legal advice without reliance on service and calculations. Marquis, Inc., First Horizon Bank, and its affiliated companies shall not be liable for any differences in calculations with other financial institutions or entities, lost profits, lost business, losses of any kind, direct or indirect damages, punitive or consequential damages or damages of any kind arising out of the use of this service. User agrees to indemnify and hold Marquis, Inc., First Horizon Bank, and its affiliated companies harmless from any and all liabilities and costs (including attorney fees) for any improper use or violation of these terms.