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Wednesday, May 6, 2009

rates are up!

Skyrocketing prices to reside in Morgan View are troubling issues affecting some residents. Morgan View considered at some point to be an affordable apartment syle living is now giving some residents no choice but to find cheaper apartments or even commute from home. According to Morgan View staff and Vice President, Investor Relations and Corporate Market, Gina Cowart, from the American Campus Communities, said the rent went up "only" 3%. Ms. Gina Cowart said via email, "The payment plan changed so that payments are now spread over 10 months versus 12 months unless students sign up for EZ Pay." For some who are not familiar with EZ Pay, it is one of the payment methods that can be used through your financial aid in paying for your cost to reside in Morgan View. This year total value for a four bedroom 12 month lease is $7044, which is $587 per person per month. For the 2009-2010 license term, the total contract value for ten month lease is $7260, this is $726 per person per month. Who knows how much the rent will go up the following year when decided in December 2010, according to Gina Cowart. Rent is determined by a committee made up of MSU representatives and ACC representatives.
Rent is going up while the question still remaining is y? Money will go towards increased utility costs, repair and upkeep of project such as gates and entrance doors and for upgrades of amenities. They will also upgrade the workout equipment and hopefully upgrading the computer lab this year, said Gina Cowart.
I spoke to roommates Lois Lawton and Jenai Davis who has reside in Morgan View for two years. They will not be returning in the fall, due to the high price. They feel as though their are cheaper apartments that they will consider moving in. Lois said, "The rooms are small and it is too expensive to live here." A friend of mine also mentioned that she had to take her finals earlier than other students, because she will be packing up to go back to New York, because the rent is too high. She also is considering finding an off campus apartment that is cheaper.
Gina Cowart answered a very important question that alot of MSU students been wanting to know. Is Morgan View really considered off campus or on campus? Well according to Montebello, they consider Morgan View to be off-campus, even saying that Morgan State does not affiliate on what goes on in Morgan View. You'll get this response when you call Morgan State with an issue you have in regards to Morgan View. Well Gina Cowart said, "It is generally considered on campus. We work very collaboratively with MSU to provide a positive student learning and living experience and MSU is actively involved in making decisions such as rental rates, policies, parking rates, etc." So is Morgan View according to Morgan State really "off campus?" because the elevators clearly read Morgan State University Student Housing.
Well the rates are up and some Morgan View residents are moving out. What will your next move be?