$7500 Aid
According to Mr. Billy Williams,
the Corner Bookstores received
approximately $7500 from the
Student Aid Foundation last year.
According to the memo, "this
arrangement is used, not because
Anderson's has a monopoly, but
because the Student Aid
Foundation prefers to pay a single
bill and Anderson's will allow credit
to be built up over a period of time,
which is very advantageous for the
foundation."
Mr. Sebo explained other
aspects of the book purchase
procedure to The Cavalier Daily. He
stated that all books purchased by
the students and reimbursed by the
Student Aid Foundation were only
on loan to the students.
In June, he said, the students
must turn in the books and the
books are then returned to the
bookstores for credit on the final
bill. If students wish to keep the
books, he added, they were charged
50 percent of the price of the book.
