University of South Carolina Libraries
r. : 1 Leaders to propose an endowment fund to offset dorm fees By John Miner A proposal to begin an endowment fund to help offset rising dorm costs will be presented by two campus leaders to USC President James Holderman. Student Government President Barry Gray and Residence Hall Association President Greg Williams will discuss the proposal with their respective senates this week and will then foreward the plan to Holderman. "We've been approaching this point for a long time," Gray said. "I have no doubts that dorm fees have to go up, but students can't keep on affording them.'* GRAY SAID the fund would operate like the Summit Fund, a $35 million fund-raising drive to benefit the j r to/~> yt? ?:j >.1..^?: giuuutuv pivjjiiuna ?u uciv. nc ntuu tuumiii ui uuiur related fields, such as energy, could donate money to help pay for utilities, maintenance and expansion necessary in the residence halls. Gray said he got the idea when he heard about an endowment program at Princeton University, formed to help pay for grounds maintenance. The program was so popular with the alumni the univerity's administration could not spend all the money raised. "A similar endowment fund here is a proposal we'd like to see looked into...because on a legal basis, there is not much we can do to stop dorm fees from going up/' Gray said. WILLIAMS SAID students believe campus leaders* reactions to the fee increase have been "weak," and agrees with Gray that little can be done. 4'If they could get an inside look at what it involves, they would think again," he said. See "Gray," page 6 Hotel Continued from page 1 been treated badly. I have to adjust or this place. I am vc to a new environment, totally dif- have plenty of anger, ferent surroundings, and 1 don't they feel if they were know what to expect. tions?" Allen said. "When I think about it, I want to Veronica Oglesby, j r*r\r I Hnn't ii/Qrit fo Ipavp thic mom inninr also lives at lit Cf\ ^ use FLYING CL ctory flights Meetin cost flying lessons Roon cost plane rental 3 students, faculty, staff Airl f i * I / I BRING USC ID CM I ^ I he t.AMKCOCK Is the student news- T*"*"'?m"""'? ' 1 " paper of the University of South Carolina wS| W W 'WW and Is published three times a week on fflffiffiuWfllGL Mondays, Wednesdays and Fridays dur- i lng the fall and spring semesters and , - - J weekly on Wednesdays during both sum- ! HI mer sessions, with the exception of B8f&@ university holidays and examination BBmbSm .. periods. llfilli m Opinions expressed in the GAMK- gSBH r C(H K are those of the editors and not BESsl * those of the University of South Carolina. HSfl| The Board of Student Publications and ^ : i Communications is the publisher of thr SSSgB ' GAMECOCK. The Student Media * "* ' ~ ,l*- "" nvaonliuilAn nf IJCpHnmeiii 19 mr the GAMECOCK. B&BEHj II 1 1 II jj__l Change of address forms, subscription raraSj cm LI f" ' requests and other correspondence should BnS^S { be sent to the (iAMKCOC'K, Drawer A, V ] University of South Carolina, Columbia, UttUgggJ fS.C. 29200. [= SubKiiption rales are $15.00 for (1) am year, $8.00 per fall or spring semester and msm yT^$3.00 for both summer sessions. Third axs m .. class postage paM at Columbia, S.C. ^ ~ The GAMECOCK is a licensed student r J" organization of the University of South Carolina and receives funding for student j activity /mi. ^ -1 Purchasing pow n rnces, pr By Laura Dannhardt Students' complaints concerning text book mark-up and buy-back policies are unfounded, bookstore officials said. The University Bookstore was established by USC, but it is now an independent entity. Profits from general sales are used to pay operating expenses such as utilities, Vent and employee wages. Income generated from textbook sales is used to continue book-flow operations, and the remaining profit is donated to the university academic scholarship fund. "No money is given to the athletic scholarships," said William Rorie, University Bookstore IVAt l/V/VSIV iaui . STUDENTS' BOOKS are usually bought back at a 50 percent discount from the publisher's list price. However, if the book is no longer in use, or if a new edition of the book is being used, the book will be bought back at the used-book wholesaler's price, which is considerably lower, Rorie said. "If a new book comes out, that book is valueless," Rorie said. The textbook department can offer the student the used list price of the book in "The Wholesaler's Buying'Guide," or suggest the student try to resell it next semester because the book may be put back into circulation. "Most of the time we will advise as best we can. We have absolutely ;ry hurt and "I DON'T want to mov How would is nowhere on campus that in our posi- move. There is nowhere 1 They should have given \ psychology kind of warning. They ta liversity Inn. maintenance problems. If I UB I g Tuesday, Feb. 14 d i I 12 7:30 p.m. f;j \ P.E. Center i | j ine Pilot Speaker j -a \rwi .?. IHMHHHi raj mg * fl = .j.Q -1 _ i. iilHPfftA wrifiM is? r ]n|nnnrAi ?n i =d ' rSillQ-i H '1213 llH, BE! er ofits fair, boo "There is a gamble in used books, and particulaly if you buy back from your students." ? Textbook supervisor William Rorie nothing to do with what books are used," Rorie said. Books no longer in use cannot be bought back at full discount because the bookstore cannot afford to stockpile textbooks that wholesalers will not, in turn, buy back, Rorie said. THE BOOKSTORE deals directly with nublishers for new books and wholesale companies for used books. The university purchasesnew books at a 20 percent discount of the publisher's list price and sells them for full price. The profit gained, however, is insignificant after the bookstore pays the freight-in. The freight-in expense on 10 new books sent by United Parcel Servicc is $6, Rorie said. Books bought back from students are repaired and shelved for resale. The university marks the books at 75 percent of the publisher's list price, gaining a 25 percent profit. "THERE IS a gamble in used books, and particularly if you buy back from your students. I'd rather e. There all the money that we pay for I wish to place, they could renov, like this. redecorate, and build this p us some again. Ik about "A lot of people who would they take on campus won't stay there i Carolina Ladic kriam's u/anfs you fo Tj ^m mm* w * w m * w ^ w ^ qp Qp < 50" Wine a: $1.00 Frozen $1.00 off a] Monday and Tu open - c nHniHMMUHBHpBHMHMB i" w m. riini BLANDING ST fWEEN MAIN ? 256-7677 kstore says deal in used books because it saves my students'money," Rorie said. The South Carolina Bookstore has similar policies. New books are also sold at the publisher's price, creating a 20 percent profit. "We will pay back one-half price and sell back three-tourths unless the book is discontinued, and then we have to consult the wholesaler's guide," said Manager "Perk" Bailey. The store will advise students in this situation they have the option to sell the book back for marginal return or keep the book in hope that it will be in use again in following semesters. Most profits from book sales are used for store operations, but a portion is donated to the Carolina Scholars program, Bailey said. "WE MAKE most of our profit from book sales. For an off-campus bookstore to-survive, they have to be heavy into the books," Bailey said. Other general sales at the South Carolina Bookstore are complimentary to the textbook program. Paperback texts follow the same guidelines as hardback textbooks when bought back, Bailey said. Other paperbacks, like novels, are bought back for only one-third the publisher's price, primarily because of the time consumed to calculate the discount price of each paperback when buyback lines are long. Study guides are bought back only if the university department approves. his Not only will they lose money on te, housing but also on food. They ace gave us a double shaft telling us that we have to move out, go to itay another place, and then that the ow. prices are going up," Oglesby said. !S I be our Valentine I id Beer Daquiris 1 liquor 8 esday Night I lose ? mim (UPTOWN) SUMTER