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The bookstores are not a part of the university.
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My experience is that if there is one bookstore, it is owned and operated by the school. A big hint here is if the bookstore is in a university building, like the student union.
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Most college/university bookstores are operated by private companies and are located on campus property.
Barnes & Noble College Booksellers operates over 1,000 campus bookstores, including Harvard, Vassar, BU, Columbia and Yale.
Follett Corp operates over 700, including Stanford, UC Berkeley, Polytechnic, St Johns, Smith, and U-Mass.