The truth is that most students do not receive more financial aid if they live off campus. In fact, in many cases, they will receive less financial aid. Ultimately, the amount of aid you receive is determined by the university's estimates for on-campus and off-campus housing.
Is it actually cheaper to live on or off campus? An investigation – Temple University
On-Campus vs. Off-Campus | Housing and Residential Life
Do You Get Extra Financial Aid for Off-Campus\u200b Housing? | In Short — No.
Thousands of students live off campus. This isn't so easy for students on financial aid. | The Daily Pennsylvanian
UCSD Reduces Student Financial Aid after Changing Housing Statuses | The Triton
Living Off-Campus: Financial Aid: Undergraduate Financial Aid - Northwestern University
Penn reduced financial aid for students living off campus, but many were never notified | The Daily Pennsylvanian