College is a place to escape parental oversight for many new arrivals. But a growing trend on college campuses — to place retirement homes near the dorms — may one day prompt students to ask: “Is that grandma over there on the quad?”Mary Jane Karger and her husband, Tom, both 74, have put down a 10 percent deposit on a retirement community to be built on 40 acres of the 500-acre Purchase College campus, a former cattle farm that is now part of the State University of New York.Purchase is one of a growing number of colleges sponsoring retirement communities on campus or thinking about it. It is a marketer’s dream, monetizing spare land, while milking the baby boom generation’s affluence by appealing to their obsession with staying forever young.

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