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)
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.
University professors and students from around the country came together today to release a new report which finds that textbook publishers engage in a number of market practices that drive up the price of textbooks for students.