When Tyra Banks was accepted to Harvard Business School, she imagined she'd be living "at the Four Seasons down the street," she told Jimmy Fallon on 'Late Night.' But staying in the dorms is mandatory -- even for a high-profile ex-supermodel with her own TV franchise.

While she has her own bedroom, the 37-year-old shares a living room, kitchen and study area. (What about the bathroom?)

Though she claims she freaked out at first, now she "wouldn't have it any other way," Banks said. "It's like summer camp. Every time a term ends, I get withdrawal ... I miss my friends. I miss my professors. I miss living in these dorms." Watch the clip after the jump!