In the spring of 2005, Congress cut the student loan program by $12 billion dollars, forcing interest rates on loans to go higher and making college dangerously expensive. Students at UConn and at hundreds of campuses across the country fought the cuts, but we lost narrowly
A new report by the United States Government Accountability Office (GAO) confirms previous research conducted by the Student Public Interest Research Groups (Student PIRGs) into textbook prices. The GAO report, requested by Congressman David Wu last year, found that textbook prices have risen at twice the rate of annual inflation over the last two decades, an average of 6 percent each year since 1987-1988, compared with overall price increases of 3 percent per year.
The future of academic research is in peril. University budgets are decreasing while the cost of academic journals is skyrocketing. As a result, universities are unable to purchase vital journal subscriptions that help boost the quality and success of new academic research. Fortunately, new and innovative solutions are growing in popularity and have the potential to change the future of academic communication. (September 2005)
One innovative way to lower textbook costs is allowing students to rent, rather than purchase, their textbooks each semester. This document is a twelve step guide for colleges and universities interested in lowering textbook costs for students by transitioning to a textbook rental service or exploring new, innovative business models. (July 2005)
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