A lot of parents have discovered that it’s actually cheaper in the end to buy a place and rent it to their children and a couple of friends while they are in school. At graduation, they then sell it and recoup most of their rent expenses.
Well I don’t know anyone rich enough to buy housing for their college kid but mine live in an off campus town house in State College with 3 room mates. Much cheaper than the dorm. They each have their own room and bathroom.