That is very true! While my school simply lists the price as "tba after 10/26," many university websites list the price as $69. I have no doubt that mine will be the same. I bought MS Office from my school for $50, while it is $150 through Apple with their student discount.
I may have to wait a few extra days, but the jump from $69 to $116 is a bit too big for me. A couple days won't kill me... although I only made it one day before caving in and getting an iPhone