In our first year, our out-of-town students shared one of these suites. We had favorable treatment from the Mainsail management, who are believers, and were allowed a favorable rate with a lease running exactly from the date desired to the date desired by us.
As good as this arrangement is, the students are NOT able to pay our published rates for the dorms – we would be very comfortable if they could, but the $550/month per student is just not feasible.
We must look forward to paying Mainsail $1,235 per month for each suite. If we have four guys, and four girls, we can charge each of them $315, and break even. If we have three guys, or three girls, we can charge $415, and get by. But we may have fewer than a multiple of four or three, and we cannot expect the students to come with great stores of money for housing, as well as for tuition.
We think some of you might have the means and the desire to SPONSOR a portion of these dorm rooms, so that when we charge our students a “Fair” portion of the rent, we have the funds to make up the difference.
Thank you for considering this opportunity.
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