Good morning! It’s Daniel de Visé bringing you your Daily Money update.

When Heidi Veideman started her studies at the University of California, Davis in the fall of 2022, she benefited from several need-based grants that took care of her tuition fees.

However, these grants did not extend to her housing expenses, which totaled over $10,000 for the academic year for a “triple” room shared with two other students. That breaks down to about $1,250 a month for one-third of a small room.

“It was a tiny space featuring one single bed on one side, and on the other, there was a bunk bed,” Veideman recounted.

While many students and their families worry about increasing college tuition costs, the expenses for housing are climbing even more rapidly.

The final Kmart?

The iconic blue light is dimming as Kmart prepares to shut down its last full-sized store in the continental United States, reports James Powel.

An employee at the Bridgehampton, New York location confirmed that it will close on October 20th. This store, located about 95 miles east of Manhattan, is one of the last two Kmart locations left in the continental U.S. The other store, located in Miami, is smaller and has fewer products available, according to CNN.

Transformco, the current owner of Kmart and Sears, has not responded to YSL News’ request for comments. Nostalgic readers may remember a time when Sears and Kmart were leading names in American retail. Truly a sign of endings.

No more bunnies at Petco

Petco has decided to stop selling rabbits after facing backlash about how the sales contributed to overwhelmed pet owners, as reported by Jonathan Limehouse.

On Tuesday, Petco stated it is “recommitting to an adoption-only policy for rabbits.” Earlier this month, the organization Rabbit.org criticized Petco for failing to uphold its previous commitments made in 1994 and 2008 to cease all rabbit sales.

About The Daily Money

Each weekday, The Daily Money provides you with essential consumer and financial news from YSL News, simplifying complex issues, offering concise summaries, and explaining how various events — from interest rate adjustments by the Fed to bankruptcy cases — affect you.

Daniel de Visé writes about personal finance for YSL News.