The Brown Daily Herald M onday, J anuar y 28, 2008
Volume CXLIII, No. 4
Corporation will discuss financial aid next month
Cut, Folded, Dyed & Glued
Courtesy of Brown.edu The work of artist Jae Ko, on display at the David Winton Bell gallery until March 5th, is made out of paper.
See Arts & Culture, page 3
Students turn class into cash with BrunoBooks by Sophia Li Senior Staff Writer
Interested in saving money on textbooks? Four undergraduates hope so — and they’re counting on it for the success of their new online business, BrunoBooks.com. The Web site, which allows students from all over the country to compare Amazon.com’s best prices with those of their school bookstores, was created by four Brown undergraduates and begun as a class project for an entrepreneurship class last semester. Despite a modest launch on Jan. 11, BrunoBooks creators Jesse
Maddox ’08, Herald Opinions Columnist Matt Prewitt ’08, Jonathan Rhone ’08 and Erik Resly ’08 have ambitious goals.
FEATURE The Web site is already active at Brown, Boston University, the University of Illinois, the University of Texas at Austin, San Jose State University and the University of South Carolina. The group of undergrads formed a financial relationship with Amazon, which pays the creators of BrunoBooks for every order filled through their site, allowing them
Weak dollar curbs wild nights in Paris and abroad By Chaz Kelsh Senior Staff Writer
The weak dollar didn’t just hurt the wallet of Casey Collins ’09, who is studying in Brazil for the semester. It hurt her pride, too. “It was really depressing when (the dollar) fell below the loonie,” she said. “I have this Canadian roommate I hate, and after that happened, I lost a lot of arguments to him.” As the dollar’s value against world currencies has fallen in the recent months, Brown students studying abroad are feeling the pinch. Students are working to stretch their money a little further, even if that means going out to eat less or traveling less. Collins is eating in more and take fewer taxis while still trying to make the most of her time in Brazil, where a dollar trades for 1.79 Brazilian reais. Three years ago, Collins
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ARTS & CULTURE
would have gotten 2.67 Brazilian reais for one dollar. “I mean, when am I going to be in Brazil again?” she said. She also follows the exchange rate closely, making ATM withdrawals only when the dollar is worth at least 1.75 Brazilian reais. She also tries to withdraw more money at once to reduce the number of times she has to pay the fine levied by her home bank, Bank of America. To avoid these fines, she is considering opening an account with a bank in Brazil. Despite the guidelines she set for herself, Collins said it can be hard to be thrifty. “If I need to buy something, I’m just going to buy it with my credit card,” she said, adding that searching for goods at cheaper prices isn’t worth it. For students studying in Europe, the problem is even worse. There,
Radical Prayer Liz Lerman encourages creative collaboration between individuals
continued on page 6
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CAMPUS NEWS
Since 1866, Daily Since 1891
to provide their price-comparison service free of charge. “I wouldn’t work on it if we were charging you more,” said Resly, who helped design the Web site. He said that would be contrary to the purpose of BrunoBooks — to make textbooks as cheap as possible for students. Resly emphasized that BrunoBooks.com is “for students, by students” and user-friendly. “It’s easy. It’s simple,” Resly said. “You see what you get, and you get what you see.” Rhone agreed, saying they continued on page 4
By Joanna Wohlmuth Senior Staf f Writer
Peers race to revamp aid packages
Announcements of drastic financial aid policy changes from colleges across the nation are starting to appear a dime a dozen. Now, prospective Brunonians are wondering how — or if — the University will respond. “This is the most volatile I have ever seen this (college admissions) environment,” said Dean of Admission James Miller ’73. Following Harvard’s recent announcement that it will ease the financial burden on students from middle-income families, at least 15 schools that compete for students with Brown have announced similar changes, Miller said. These include Princeton, Yale, Duke, Northwestern and Stanford universities, the University of Pennsylvania, as well as Dartmouth, Amherst, Bowdoin, Davidson, Swarthmore and Williams colleges. This issue “cannot be one that can marinate for several years,” Miller said. “It is a high priority for us.” The Corporation will meet at the end of February to set a budget for the 2008-09 academic year and will discuss changes to financial aid policy, said Provost David Kertzer ‘69 P’95 P’98. Kertzer said that many other institutions have chosen to announce financial aid changes at this time of year because they, too, are having budgetary meetings. “Brown needs to decide what is the right thing to do,” Kertzer said. “There is some pressure to go with the stampede, which would not be wise.” Recently top universities have felt political pressure to spend more in order to cut the cost of educa-
Harvard: Full tuition assistance for families with incomes below $60,000 and up to 90 percent assistance for families making less than $180,000 Yale: More than halves tuition for needy students by promising an extra $24 million annually Penn: Replaces all loans with grants for students eligible for financial aid Dartmouth: Adds need-blind admission for international students; waives tuition for families earning less than $75,000 tion because of the rapid growth of endowments, Kertzer said. Sen. Charles Grassley, R-Iowa, has pressured wealthy schools to use more of their endowment returns to make education more affordable. Some experts have voiced concern that the pressure to increase financial aid spending to compete with other universities may put a strain on schools that cannot boast endowments as large as Harvard, which has about $34 billion, according to the Chronicle of Higher Education. Brown’s endowment is large compared to other institutions of a similar size — currently $2.8 billion, or 26th in the country, as of June 30, 2007, according to the Chronicle. But Kertzer said a balance must be achieved when allocating funding. “Dollars spent on financial aid (don’t) grow on trees,” Kertzer said. “It has to come from continued on page 4
MPAA says it blamed too much on students By Leslie Primack Staff Writer
When it comes to the heated topic of movie piracy, it seems college students are not as criminal as the entertainment industry made them out to be. The Motion Picture Association of America admitted last Wednesday that it overestimated the money lost because of illegal file sharing among college students by almost 300 percent. In a 2005 study, the MPAA blamed college students for 44 percent of its losses — a number that has recently been readjusted to 15 percent. “The numbers were wrong, and we thought they were wrong, but we couldn’t prove that,” said Connie Sadler, director of information technology security. She feels that piracy is nothing unique to colleges but that entertainment corporations often target college networks because their high bandwidth makes downloading faster and because
Moving To The Hill Eric Rodriguez ’08 recruits transfer applicants from community colleges
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OPINIONS
Courtesy of state.gov
Brown’s chief IT security official, Connie Sadler, said she was not surprised the MPAA’s claims of how much money has been lost due to piracy were incorrect.
student contact information is easy to access. The MPAA’s study claimed a loss of $6.1 billion because of illegal movie downloading and file
Agents of change Max Chaiken ’09 says students are apathetic and uninvolved
sharing, though most of the losses are attributed to piracy overseas. It attributed the miscalculation of continued on page 6
tomorrow’s weather Tuesday will be as cloudy as the chances of you getting better financial aid
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