Final answer:
Living in student housing within five miles of campus and receiving financial aid are not mutually exclusive; both can occur at the same time as they are independent conditions.
Step-by-step explanation:
Living in student housing within five miles of the campus and receiving some kind of financial aid are not mutually exclusive. These two situations can occur simultaneously. A student can be living in housing close to campus while also benefiting from financial aid programs. The term 'mutually exclusive' refers to a scenario where two conditions cannot occur at the same time. In this case, there is no exclusionary rule that prevents a student from both living close to campus and receiving financial aid, as these are independent conditions.