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At my undergrad, it was required to live on-campus, so the local kids all lived in the dorms. They didn't go home all that often. Of the ones I knew, most of them ended up spending their whole junior year abroad (as opposed to the semesters that most of us did).
I guess it's different in the case of a major university. I can't justify letting my kid have an off-campus apartment when they're going to the community college around the corner.
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