Hey forum!

I've decided it's best if I sell my car and commute by bike. I'm currently a full-time student, and all I really need is something that will get me the ~5 miles from my home to my college and occasionally further. So, I'll be riding at least 10 miles a day, and possibly up to 20-25 miles. I'll be riding with a backpack, so weight is a concern, although I won't be encountering any steep hills on my commute. I also live on the Florida coast(Panama City), so oxidation is a concern. My overall budget isn't set, but should land somewhere in the $400-$1000 range. I'd like to spend enough to ensure a decent bike, but I'd be willing to spend more if the right bike tempts me.

I really have absolutely no clue how to discern between brands. I know of Trek, Electra, Schwinn, Giant, and Vanilla(). Looking around the internet, one option I'm looking at is the Electra Loft 1. I like that it's affordable, and seems to meet my needs. At its price-point, though, I'm concerned about the bike's quality, but I'm assuming it's relatively cheap given the lack of brakes, derailer, shifters, etc. Are there any other bike models comparable to the Loft 1 I could consider?

I'm also still deciding whether I want a city commuter(like the Loft 1), or a touring bike. It's very possible that I may want something capable of travelling long distances across states, but that sort of functionality seems to raise prices to uncomfortable levels. Would I be able to find a minimalist-type touring bike with a great frame, which I could upgrade later when I gather more funds?

I'm sorry that my post is rambling and aimless, but that's where I'm at, at this point. Any and all advice is greatly appreciated!

p.s. Is there any way to find out top speed specifications on a given bike model?