Really? I'd bet it will cover rent for some of the people in this study. It seems larger than other studies I've seen, but I haven't been following all of them.
As a college student, this would cover my rent fully and leave enough for a grocery-run. It would lift a good amount the stress off of my shoulders, that’s for sure.
Yeah finding under $500/mo wasn’t easy in the area around my university, especially with the housing market as it is now. I’m heading into my senior year and just might eek by without taking out loans (thanks to scholarships for average-grade receiving students).