A Guide to Establishing Textbook Rental Services
As a prominent publisher continues to issue "new" editions of textbooks that are not significantly "new", hundreds of college physics and mathematics professors issued a joint call to action. The call to action was sparked by the latest research from the Student PIRGs that found that new textbook revisions reduce the availability of used books, which are 45% cheaper than new books.
In order to both confirm our initial findings and to follow up on a number of anecdotal reports of additional problems with textbook pricing, the State PIRGs conducted an expanded survey of the most widely purchased textbooks at 59 colleges and universities across the country. (February 2005)
College textbook prices have increased at nearly four times the rate of inflation for all finished goods since 1994 and textbook publishers engage in practices that artificially inflate textbook costs, according to a new study by the Student PIRGs. With textbook costs already high - an average of $900 a year, or a fifth of tuition at a public four year university - the Student PIRGs called on publishers to stop needlessly inflating textbook costs.
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