The gamecock. (Columbia, S.C.) 1908-2006, February 13, 1984, Page 3, Image 3
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
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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
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cost flying lessons Roon
cost plane rental
3 students, faculty, staff Airl
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I BRING USC ID CM
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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
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lng the fall and spring semesters and , - - J
weekly on Wednesdays during both sum- ! HI
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university holidays and examination BBmbSm ..
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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
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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 ]
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The GAMECOCK is a licensed student r J"
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Purchasing pow
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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
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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
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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.
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