Four or five days a week, Christoph Schmidt, 72, of Brunswick, Maine, walks to the Bowdoin College campus, where he audits classes, attends concerts and watches sporting events. Schmidt, a retired banker, and his wife, Babette, are examples of an emerging trend in which seniors are actively involved in college life, sometimes even living on campus. Over the last decade, a national movement to formalize these kinds of relationships has gathered strength, with an estimated 10,000 seniors currently living in about 20 on-campus communities. "More and more colleges are getting interested in the 55-plus active-adult community," said Gerard Badler of Campus Continuum, a 2-year-old, Newton, Mass.-based company hoping to build such communities on or near college campuses. "As aging baby boomers co...
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