Fun story. The university I went to used to buy long-distance minutes in bulk at 12 cents, sell them at 25 cents, and made a million bucks a year off of students calling home. Now they buy them at 3, sell them at 5, and everyone uses cell phones so there aren't any landlines in the dorms so emergency and "too much ice, class cancelled" notifications and the campus phone directory are a disaster... also, the IT department is out a million bucks a year.

But they're working on it, they say.