As a certified private career college our student contracts are required to include specific information - including the student address.
What would be even more fabulous would be allowing two address blocks: their permanent address (usually home) and a temporary address (where they're living for the school year, if not in residence.)
It's irregular that contracts would not have the ability to include addresses of any sort. We have a large international population and having the address on the contract would be very useful. It would also look much more professional to have an address on the contract.