How to Pay for University Housing

For a student's first year of a long university education, there is no experience like living in a university dorm. When it comes to paying for multiple years of accommodations, it can get quite expensive.

One option available to some parents is to buy a home in the city where their child is attending university and rent out the rooms to other students. The parents' own student would act as the onsite property manager.

Upon graduation or a bit later, chances are that the home value will be greater, so the option exists to harvest some of the equity for their next down payment or to sell the property and pay for all those tuition fees/student loans. Or even keep the property and continue to lease it out as a rental property acquired with minimum down payment as opposed to the 20% down normally required for rentals.