If space allows, residents in double or triple rooms who find themselves with an empty bed in their room may pay to convert that double (or triple) room into a single (or double) room by paying for a “Vacancy Buyout”. This is allowed on a case-by-case basis when adequate space is available.
The cost of a buyout is the price of a comparable single room + 4%. For example, a single in an Essential RISD room is $7,450 per semester with meal plan. To buyout a double room in an Essential RISD room, the price will be $7,450 plus $149 (4% of 7,450) which equals $7,599 per semester. The total increase from living in an essential RISD double ($6,425 per semester) is $1,174 per semester. Similar increases will be seen in other room types. The extra cost over a single covers the additional space and furniture provided in a double room versus a typical single room. Furniture may not be removed from the room.
Buyout charges added mid-semester or mid-year are pro-rated based upon the time.
In the event that a buyout space is needed to be used due to overcrowding or for emergency housing, a full refund of the buyout cost difference will be issued for the entire semester.
Students may only buyout a space at defined times at the beginning or end of each semester, or within 7 days of a roommate moving out. No buyouts will be accepted in cases where a student is attempting to move into a vacancy and the buyout is being used to block that relocation.
To request to buyout a room, please email email@example.com.