Should you retire to college?

One more creative retirement idea!

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Don and Joyce Parker whip out their IDs whenever they want to use Oberlin College’s fitness center or library.

At age 79 and 77, they’re unlikely coeds. But they call Oberlin — more specifically the Kendal retirement community located near the small, private liberal arts Ohio college — home.

The Parkers live in what’s called a “university-based retirement community,” or UBRC. The communities have been around for years, catering to the “Silent Generation.” Now, they’re making a play for boomers, the best-educated group in American history and a natural fit for a quasi-return to campus life.

That’s according to Andrew Carle, the executive-in-residence in the Senior Housing Administration Department at George Mason University, who coined the term “university-based retirement communities.”

via Should you retire to college? – MarketWatch.