Daily fj| Trojan
University of Southern California
Volume LXVIII, Number 76	Los Angeles, California	Thursday, February 19, 1976
HAWAIIAN HARMONY—Bringing the best in mellow music, Kalapana, a singing group from Hawaii, performed Wednesday for a substantial crowd on the Student Activities Center patio under concert - perfect weather. Kalapana's appearance brought a bit of home back to many students from Hawaii. DT photo by Larry Condelli.
Bookstore policy may save students money
By Sherie Stark
Assistant Feature Editor
A new concept of quantity buying should save students a total of at least $20,000 on certain bookstore supplies over a semester, said Steve Crossland, director ofthe University Bookstore.
Reduced prices on legal pads, index cards, paper clips and file folders will be effective March 1, with savings from 5 to 50 cents, Crossland said.
Combined orders
By combining the student and university staff orders, he said the bookstore has been able to go directly to the manufacters to buy the items in quantity at a lower cost.
This allows the bookstore to pass on the savings to the student and staff consumers.
Finding storage space for the large orders has been one of the major problems in this approach to buying, Crossland said. He said that they have found space on campus for the first orders, but space for other orders has not been found yet.
Warehouse sought
“We re not goingto sit and wait until we’ve found the space — it will turn up somewhere,” he said. “Eventually we’ll have a major warehouse and we’ll be able to operate on a bigger scale.”
He said the staff is now negotiating mass-buying of cellophane tape and clasp envelopes, but that the time that goes into comparing and bar-
gaining for the most reasonable prices available is more than one might imagine.
The buying is done^ through manufacturers directly or through a co-op of college bookstores depending on the item. He said the reduced prices that will be effective March 1 took about nine months to finalize.
First step
“From the students’ standpoint, maybe this- is too little too late,’’Urossland said. “But this is really only a first step in what we want to accomplish. We want to make a dramatic, real impact on the students. This attitude in buying is a step in that direction.”
He said the reduction in supply costs would not reduce the bookstore’s profit margin to the extent that it wouldn’t be able to pay its overhead and make its contribution to the university.
Changing the image
We’re not soaking up the savings in profits like we could be — we’re trying to show a change in priorities to the students, to change the image the student has that the bookstore— not to mention the university, the establishment, etc. — is trying to rip him off.
“Our answer to that is — maybe we are, but we’re not trying to. If certain prices are too high, it’s because of bad buying practices, not because we’re getting rich off the students.”
Crossland said that in bringing lower prices to the students
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Security Pacific Bank to phase out student loans
By Justin Fox
Staff Writer
Security Pacific Bank will not accept any new applications for the Federally-Insured Student Loan Program (FISL) after Feb. 27. said Manuel Molina, student affairs officer of the bank's University Village branch.
The deadline is part of Security Pacific's plan to get out of the FISL program altogether. Starting March 1, only those students who have previously received federal loans through Security Pacific will be able to apply for more.
Molina said Security Pacific is withdrawing from the program because the bank has found it to be more trouble than it is worth.
Security Pacific Bank entered the program to fulfill its corporate citizenship goals, Molina said.
"The assumption was that university students would soon be entering the job market as business and professional people. Therefore it would be a good investment for the country’s economy to offer the students the loans to get through school,” he said.
But misuse ofthe program by the federal government and by students has forced both United California Bank and Security Pacific Bank to pull out of the program. United California Bank withdrew last July.
Misuses of the program include students refusing to pay off loans.
Jn addition, some have said the federal government has neglected the problems bankers have encountered in administering the program.
Under the guidelines of the program established by the Office of Education in 1972. the
govenment promised to keep the banks up to date with any changes in policy and to send a manual to the banks explaining the changes.
Molina said no new manual has been sent to Security Pacific Bank in the last four years and some decisions have been made that contradicted earlier policies and caused the bank delays and additional expenses.
All students receiving a feder-' ally insured student loan are listed on a confirmation report that is sent to the university. When the students leave or graduate, the university notifies the federal government and the government notifies the bank.
The program allows students
Enrollment 5.2% from
Registration figures as of the end of the first week of classes showed a 5.2 Vc drop in registered students from the fall semester.
William E. Hall, registrar, said the decrease of 1;240 students was expected.
“The spring enrollment drop is traditional. There are less students because of fall graduation and transfers.” Hall said.
He said the number of fee bills processed only indicates the number of students on campus, which include all students, whether they registered for one unit or 20.
The final enrollment figures won't be known until the seventh or eighth week ofthe semester, when the registrar will get the computer print out of the numbpr of paid fee bills.
nine months after graduating before,they have to start repaying the loan. But if a student defaults on his payments and the bank files a claim with the federal government, it can take as long as 18 months for the government to reimburse the bank.
Molina said that those 18 months represent a loss for the bank. The money, which otherwise might have been lent out to customers who could repay it with interest, has in effect disappeared for a year and a half and cannot be used.
Furthermore, the claim that the bank files with the government can only cover the principal of the loan.It cannot include
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declines fall term
The actual number ofsnrollea students cannot be determined from the number of students who register, because not all registered students pay their fee bills.
Hall said that 22,516 fee bills had been processed by Feb. 6 He compared this figure with 23.756 fee bills processed in the same time period in the fall semester.
He said that 21,252 fee bills were processed in a similar period last spring.
William G. Wagner, special assistant for academic record services, said the drop in registration was anticipated and would not have an effect on the university’s budget. He also said the decrease in the number of registered students was normal.
A better idea: grads get car for research
Three students, all first-year graduate students in the School of Business, have been given a Ford Pinto to use temporarily while they work for the Ford Motor Co. on a marketing project.
Kim Scott, Jerome Hu and Hunter Martin received the car in a ceremony at Hoffman Hall
Wednesday.
The students have been working on the internship through the School of Business since
December and will continue working through May.
Interviewingyoung people throughout the Los Angeles area, they hope to explore the potential of the youth market (20- to 30-year-olds) and especially what young people are looking for in a car.
The students will work approximately 30 hours a week and receive two units of credit.