Just half-way through the school year, The University of Memphis library is out of book money. The library's budget for the fiscal year was $155,000.
University of Memphis spokesperson Curt Guenther said school administrators are looking elsewhere to fill in the gap.
"It's just like your budget at the house," Guenther said. "If you have it and you spend it and you don't have any more income, that's it."
Now, the school is left looking for money to be able to purchase books for the rest of the year.
"We are looking for ways now in the provost office, which oversees the library system, to find more money to give the library for purchase of more books," Guenther said.
The University has no official explanation for how this happened. The Dean of Libraries is quoted in the school newspaper as saying the money had to go first to periodicals and electronic databases.
Students like Rodriques Miller told Action News 5 that, in this day and age, it doesn't really matter.
"I just go on to the labs, and then go onto the internet to search the internet for whatever I need," he said.
Others were upset, even if they only use the library occasionally.