Benefits for students
I attended a board meeting on campus last year. In it a number of students showed up to protest about how they wanted $15/ hr. campus worker rates, higher teacher salaries, and ohh-yeah, we want cheaper tuition too. I thought to myself, "do they know you cannot give to one without taking from the other?". Housing is a huge source of the college expense, and it is also the one thing I can fathom which can allow for the killing of (or at least scaring them away) two of the above birds with one stone. Maybe even three.