Where Schools Are Spending their Money
Information pulled from a major campus facility database shows that schools are putting capital dollars towards adding academic and non-academic buildings at the same rate. In 1915, 70% of all new buildings built during campus expansion were academic. By 2015, academic buildings only represented 50% of campus expansions.
That leaves 50% of expansion going towards non-academic spaces, and of that amount, 35% is towards new dormitories and 15% towards student centers, recreation facilities, athletic centers, and dining halls.
State-of-the-Art at a Fraction of the Cost
It’s not unreasonable for schools to strive to provide their students with both state-of-the-art educational facilities and campus living. Making campuses more attractive to prospective students enables schools to boost enrollment and student retention. The key is finding cost-effective ways of adding learning and living spaces without making overwhelming capital expenditures that could require a school to raise tuition or student fees. If one is a student with good credits, then they could be on the safer side, & be eligible for funds that might cover the whole of their education.
As an alternative to the high costs and long timelines involved in traditional stick-built construction, private schools, colleges, and universities across the country have turned to modular construction. Building with modular, where 60-90% of the construction takes place in off-site facilities, benefits schools through faster occupancy, fewer project delays, and a more controlled budget.
In addition to being efficient and cost-effective, modular benefits schools by focusing on sustainable building practices. Growing your campus with modular buildings, your project will minimize waste, maximize material usage, and result in a finished building that is designed to be adaptable for future renovation and expansion. Potential students are part of a socially-conscious generation who will appreciate the energy-efficient, sustainable, and eco-friendly efforts that go into building and operating the facilities on campus.