Student housing cooperatives are shared living arrangements where students collectively own and manage their housing. These cooperatives provide affordable living options, as costs are often lower than traditional student housing. Residents participate in decision-making processes, fostering a sense of community and shared responsibility. In a cooperative, members typically share chores, meals, and expenses, promoting collaboration and social interaction. This model encourages students to develop valuable life skills, such as budgeting and teamwork. Many cooperatives are located near universities, making them convenient for students seeking a supportive living environment while pursuing their education.