A student housing cooperative, also known as co-operative housing, is a housing cooperative for students in an educational institution.
Unlike a resident who acquires shares at market rates to earn the right to occupy a specific apartment on a permanent basis (share capital co-op model), a resident of a student co-op acquires membership and occupancy rights by paying subscription fees or by paying rent (non-share capital co-op model). In the case of student housing co-operatives, members typically share a house and are communally responsible for its associated housekeeping duties.
Student-owned and -operated housing co-operatives were formed primarily for economic reasons to provide low-cost housing to university students. Secondarily, they generally provide experience in self-governance and social cooperation.
|This page uses Creative Commons CC-BY-SA licensed content from Student housing cooperative on Wikipedia (view authors).|