The Daily Money: The high cost of campus housing

Good morning! It’s Daniel de Visé with your Daily Money.

When Heidi Veideman enrolled at the University of California, Davis, in the fall of 2022, she arrived with a bevy of need-based grants that covered her tuition. 

The grants did not cover her housing. And those costs came out to more than $10,000 for the academic year for a "triple," a space shared with two other students: About $1,250 a month, to rent one-third of a room. 

“There was one single bed on one side, and then there was a bunk bed. It was really small,” Veideman recalled.

Students and their families fret about the rising costs of college tuition, but housing costs are rising faster.  

The last Kmart?

The blue light is fading. Kmart is set to close its last full-sized store in the continental United States, James Powel reports.

An associate at the Bridgehampton, New York store confirmed that it is scheduled to close on Oct. 20. That store, approximately 95 miles east of Manhattan, is one of two Kmart locations remaining in the continental U.S. The location soon to become the last store, based in Miami, is smaller, with a limited range of products, according to CNN.

Transformco, the present-day owner of both Kmart and Sears, did not respond to a request for comment from USA TODAY. Older readers will recall that Sears and Kmart once ranked first and second among American retailers. The end of an era indeed.

No more bunnies at Petco

Petco will stop selling pet rabbits following criticism that the practice led to regretful owners, overwhelmed by bunny-care, Jonathan Limehouse reports.

Petco announced Tuesday that it is "recommitting to an adoption-only policy for rabbits." Earlier this month, the nonprofit Rabbit.org called out Petco, citing the company's "blatant betrayal of its promises" in 1994 and 2008 to stop all rabbit sales.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.