I guess what I was getting at is you might find much better value in the Saturday paper. A nice bike that's SS or can be easily converted to SS shouldn't set you back more than $80-$120. Doesn't have to have nice shiny spokes and gleaming paintwork if its promary function is commuting to UNI for 3 or 4 years.
You just need a beater bike that's ultra reliable, rain hail or shine.