A lot has changed since mom and dad went to college, and certainly for the better! The individual housing contract is one of the latest changes! With this type of agreement, you are only responsible for your student’s installment payments. You’re not liable for the roommates’ payments at all! Unlike a traditional or a joint housing contract, if your roommate transfers or graduates, you have nothing to worry about. A lot of places here in Raleigh still offer joint housing contracts — don’t fall for it! It can become a major headache overnight!