Historically, when aging adults could no longer negotiate the difficulties of living alone, they faced either institutionalization or living with their children. Shared housing may be a viable third option for many aging homeowners. The University of Utah's Intermountain West Long Term Care Gerontology Center developed the Senior/Student Shared Housing Program, a model shared housing project matching older adults with college students. Students provide maintenance and chore services for the older homeowner in exchange for their room or their room and board. Since the first senior/student match was made in 1984, 82 matches have been made and 20 are currently functioning well. This paper describes the project, how contracts between seniors and students are made, and what forms and questionnaires are used. Listed are six benefits gained by the senior through the project, five benefits for students, six drawbacks for seniors, and seven drawbacks for students. Additional results on the program's effectiveness are presented from three sources of data: (1) questionnaire forms completed by seniors and students at the time of application; (2) a follow-up evaluation conducted 2 to 3 months into the match; and (3) a final termination assessment at completion. Twelve data tables are included. (NB)