Campus/Area University Daily Kansan / Wednesday, April 24, 1991 3 'Call me Ishmael' Moby Dick' read to honor Melville By Jonathan Plummer Kansan staff writer Today may be the first time that a woman has appeared on Wescoe Beach. A 24-hour reading of "Moby Dick" will take place today in front of Wescoe Hall, to commemorate the 100th anniversary of the death of Herman Melville. Elizabeth Schultz, professor of English and the event's organizer, said 70 people would read from the novel for 20 minutes at a time. Schultz told the readers were KU students, faculty and staff, as well as members of the Lawrence community. 'There are more people interested in this than I ever anticipated. I hope those who are not reading come by just to listen.' - Elizabeth Schultz professor of English Among those reading, she said, will be a KU English professor who is returning from his leave in Chicago and a former member of KU's English department who now teaches at the University of Missouri-Rolla. Schaltz said the number of people who asked to join the reading was so great that she had had to shorten the list. She then sent the segments to fit in more readers. "There are more people inter in this than I ever anticipated, said, "I hope those who are reading come by just to listen. Though the event is mea coincide with a speech tomb about Melville by Richard F头, Yale University visiting fessor. Schultz said she welcom chance to read the novel aloud. "It takes on new meanings read aloud," she said. "Meh language is so rich, and the st based on the epic, the drama lyric poetry, all of which are r to be heard." Schultz's passion for the no reflected in the decoration o Wescoe office. It is decorated with Melville cartoons, cartoons about the great whale, and a hanging mobi film. The scene can be navigated past to sit by her desk "The novel has come into A can culture," she said. "Ever knows the name, the great whale. 'Call I memael.' B those who have read the book care, it resitens with meaning Charlie Kim, Kansas City, senior, said his passion for the what lead him to sign up fo reading at 2 a.m. As Kim spoke of the love for book he found last semeste Schultz's honors class on the r upper floor. He words to express his emotions. "I hope this sparks an inter- people." he said. "It's not jse- search for a whale, it is rea- metaphysical voyage. It is a se for the 'ungraspable phanton life.'" KU is seeking tuition relief Budig says endowment programs will provide scholarship money By Eric Nelson Kennon staff writer Kansan staff writer KU officials are looking to the Kansas University Endowment Association for relief from tuition increases. Last week the Board of Regents increased tuition by 8 percent for residents and by 15 percent for nonresidents for the 1991-92 academic This increase will be followed by a proposed increase for 1992-93 of 8 percent for resident students in smaller regional schools, 10 percent for residents in research schools such as UNR and 12+ percent for all non-residents. Along with approving increases, the Regents tabled a proposal by the student advisory committee for new scholarships. After the Regents action, Chancellor Gene Budig said, "I do not expect the state to increase student scholarships in a way in the immediate years ahead." "We must be sensitive to the magnitude of these increases," he said. "This action places great pressure on the University of Kansas to raise more private funding for student scholarship. It is important that we Budig said the University would rely on programs such as Campaign Kansas to carry the burden of finding scholarship money. tunities at KU." Todd Seymour, president of the endowment association, said the association had already received $5 million this year for student scholarships. "Scholarships are one of the main things we're raising money for all the time." He said that small amounts donated may go directly to scholarships, while some larger amounts go to special funds. The income generated from fund's investments go to scholarships. "It's a popular item to give for," Scarfe said of the scholarships. John Scarffe, director of public relations for the association, said that when endowment funds began counting toward Campaign Kansas in 1867, the goal for scholarships and fellowships was set at $20 million. He said the association always had worked hard to help students meet financial needs. As of January 1991, $30.9 million had been pledged or committed to scholarship funds, he said. Money will continue to count toward the campaign until June 30, 1992, even if the organization has already exceeded its goal. "That has always been one of our Take A Job Hunting Break With Us! - Check Out Our 21 Items For Under $1.00! - Take a Study Break We're Open Until 2 a.m.! - Free_Drink Refills! Offer Expires 1819W.23rd 5-16-91 842-1620 --choose some system to control their money. McDaniel recommended an envelope system with monthly allowances for such items as groceries, lunches and entertainment placed in envelopes. When the envelope is empty, the money for that month is gone. '91 Celica ST Sport Coupe A/C, Cruise, convenience package, A/M-F/M cassette. Toyota's least expensive car Starting at $6,953 College Graduate Program - Pre-approved credit - No down payment - 90 day deferred payment - Maxium term 60 Months Contact Roy Goble or Roy Phillips 8400 Shawnee Mission Pkwy Merriam, KS (913) 831-0800 Managing money can be a problem By Kathy Hill With life after college comes money, usually much more than the average student is used to having. And if that money is not managed correctly, financial consultants say, it can cause even more stress than all those finals put together. Managing a new life and a new job with new expenses in a new city can be a difficult task. Wayne McDaniel, CFP with Alpha and Omega Financial Services, Inc., 3110 Mesa Way, said he thought that those who are new to the working world simply are not used to all that new money. "I see people all the time who buy expensive things because they have so much more money than when they were in college," he said. "And just because they have this money, does not mean they can afford to spend it." First, work out a budget on paper, a budget that could be tighter than most are expecting. Evelyn Senecal, CFP with IDS Financial Services, Inc., 701 New Hampshire St., encouraged those new in the job market to avoid what she called the two sins of college graduates: the single apartment and the new car. Don't worry there is a solution to managing a new life. It's called good financial planning and it can be accomplished with a yellow legal pad and a package of envelopes. "Graduates are tired of sharing apartments and dealing with an unreliable car," she said. "They believe they deserve both a new car and their own apartment, but, in truth, these things are so expensive that it usually gets them into hot water financially." Second, in order to meet that budget, the new graduate should The same goal can be attained by setting up two checking accounts: one for fixed expenses such as rent, car payments and a small amount for savings and one for variable expenses such as gas and entertainment. These two systems give the budget a structure so that a person cannot spend what he does not have. Third, the new graduate can avoid excess spending by shopping for the best bargains and learning small tricks to save money. Senecal suggested taking brown bag lunches to work and shopping at discount grocery stores for the best values. "Food that is good for you is not as expensive," she said. "Living on a tight budget is a great time for a diet." "These systems, if you don't cheat, avoid having too much month left over after the money," McDaniel said. Both financial planners recommended saving as much as possible, even on a tight budget, in order to insure financial success later, a process overlooked by most graduates. Tricks for saving money include having a hair cut at a beauty school instead of expensive salons and writing letters instead of making expensive telephone calls. "It seems people today are now 'now' oriented," McDaniel said. "They spend now and do not save for the future." Typical budget for college graduate making $22,000 per year Price per month Rent $350 The average cost for a one-bedroom in Kansas City. Car Payment $197 For a $6,000 used car with three-year financing Utilities and Fixed Expenses $605 This includes electricity, gas, water and cable. Also taxes and insurance. Food and Variable Expenses $531 Includes gas for the car and miscellaneous expenses. Savings $150 - $1,833 10 KANSAN/Where Do We Go From Here/April 24, 1991