Well, the used market is unpredictable. Some people seem to find the absolute finest bikes for 10.00 or sitting in the garbage. Still 55 dollars is not unreasonable for most bikes in decent shape.... now if we are talking walmart bikes that changes things a bit since they can be 80.00 new.

You probably won't find a lot of info on that bike since it is lower end. The bike was most likely built by one company and branded for body glove, maybe as a promo give-away. One thing to consider, since it will be a campus bike you don't want a really nice one to attract theft attention.