With the new school year quickly approaching, students will soon be slammed with the high cost of textbooks. Students have a few tools they can use right now to find cheaper books. And, there are three emerging ideas that, together, might help permanently drive down prices in the future.
The Advisory Committee on Student Financial Assistance, which advises the Department of Education and Congress on student financial aid policy, has completed a yearlong report to Congress on potential solutions to the problem of skyrocketing college textbook prices.
Making Washington the first state to act in 2007 on the growing problem of college textbook prices, Governor Christine Gregoire signed a landmark measure this morning that will help lower the cost of textbooks for Washington college students. The law requires textbook publishing companies to disclose prices and change-of-edition information when marketing course materials to faculty in the state of Washington.
Today's college students are under enormous financial pressure. The gap between tuition and fees and financial aid leaves many students working long hours through college, struggling to make ends meet, and graduating with large debts. The high cost of textbooks is yet another financial burden. MASSPIRG conducted a survey of 287 professors from a variety of disciplines at Massachusetts colleges and universities over the fall semester of 2006 to get their views on textbook industry practices that drive up prices. (February 2007)
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