The Michigan Daily - Thursday, May 5, 1983- Page 21 Co-op vacancy rate climbs By JACKIE YOUNG A seven percent vacancy rate in the University's cooperative housing system last term shows that fewer students are willing to sacrifice having their own rooms to save money, co-op officials say. The increased vacancies are a sharp change from last year when students were "crashing down the doors" to get into co-ops, says Luther Buchele, executive secretary for the Inter- Cooperative Council (ICC). THE CO-OPS aren't in financial trouble because of the vacancies, but the ICC, which coordinates the 22 co-ops on campus, raised monthly rates by $1 to make up for lost revenues, Buchele says. Past ICC Treasurer Peter Dewey says he is not worried about the in- creased vacancies, but added that "the more vacancies there are, the higher the per member price is going to be." Presently, students can save up to $1,000 per year living in co-ops com- pared to room and board costs in dor- mitories. In exchange for doing main- tenance work such as cooking or 'cleaning for a minimum number of hours a week, a student pays reduced rent. BUT FEWER students will commit themselves to the work requirement, or need the financial savings as badly as in the past, which may account for the increased vacancies, Buchele says. "Ten or 15 years ago students would treat the co-ops as their homes," says. Buchele, who has worked at the ICC for 32 years. "(Students) were more willing to come and stay on for a number of years. Now in some houses there is an 80 percent turnover," he says, "which doesn't make for a lot of good running houses." "IF (STUDENTS) had more economic problems they would treat (co-op savings) more seriously. "In the old days students thought about getting a job and moving into a co-op to save $800 a year over dorm rates and getting things like free laun- dry," Buchele says. The work co-op residents must do each week also teaches them organization, job responsibility, and how to work with other people which is "an experience gain that money can't buy," Buchele says. Students who come to the University today, are from families with higher in- comes and can afford more expensive housing, he says. THE AVERAGE SALARY of a co-op student's family today is $40,000 which Buchele says is much higher than past years. Higher tuition and less financial aid make it more difficult for needy studen- ts to come to the University. People who really. need low-cost housing probably can't afford to come to the University, he says. If you're a senior and have the promise of a $10,000 career-oriented job, American Express would like to offer you the American Express" Card. What are we? Crazy? No, confident. Confident of your future. But even more than that. We're confident of you now. And we're proving it. A $10,000 job promise. That's it. No strings. No gimmicks. And this offer is even good for 12 months after you graduate. But why should you get the American Express Card now? Well, if you're planning a trip across country or around the world, the American Express Card is a real help. Get plane tickets with it. Then use it for hotels and restaurants all over the world. And, if you should need any help while you're away, just go to any American Express Travel Service Office* wherever you are-and they'll help out. Of course, the Card also helps you establish your credit history. And it's great for restaurants and shopping right at home. So call 800-528-8000 for a Special Student Application or look for one at your college bookstore or on campus bulletin boards.< The American Express Card. Don't leaveY>.. . school without it. L ookforanapplication _on _ca mp us_ Look for an application on campus. I