“We can just barely afford what we’re affording now. I just don’t see how I can move my family out and afford what’s out there at the moment.”
Meanwhile, the West Village, East Village and Medical Plaza, built between 50 to 60 years ago, have served families and graduate students at the U. for generations. Loans taken out to build the complexes were paid off decades ago, explained Jennifer Reed, associate vice president of auxiliary services. Without debt payments to make, the U. opted to keep the apartments’ rents “artificially low.”The complexes are now nearly impossible to maintain, Reed said.
“It is likely there are some students that are going to have to go off campus because the new rates don’t work for their budget,” Reed said. “And that’s why we tried to give so much notice so that students had time to make those plans.” “We hope that they’ll do something to help the students,” said Blake Billings, mayor of University Student Apartments resident council and a PhD student in chemical engineering.
Ava Anjom and Mehdi Eskandari-Ghadi, who organized the petition, say they’ve received 158 signatures so far. But, Reed continued, if the U. were to grandfather some graduate students into the new buildings at their older rental prices, this “provides a subsidy to some students that isn’t provided to others so we need to be careful about what sort of aid we’re providing based on circumstance.”“We’re trying to come up with a list of solutions,” Billings said. Increasing grad student stipends so they can actually afford rents on and off campus is one option.
“We have to do better than that,” Kieda said. “We have to have more funds available and [give students] the ability to not live so close to the edge.”
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