Hitting the books can be a serious hit in the wallet these days.
Already grappling with skyrocketing tuition and fees, college students also must contend with triple-digit inflation on the price of textbooks. With the average student shelling out $1,200 a year just on books, students, professors and policy groups are searching for ways to circumvent the high cost of traditional textbooks.
It’s no simple multiple-choice question. Growing rental and e-book markets lower prices but come with a convenience cost. Budding open-source textbook programs hold promise but aren’t mainstream yet. Meanwhile, the U.S. Public Interest Research Group says 70 percent of students admit they just skip buying some books, saving money but often inflicting a high price on their academic success.
“It’s getting to the point where students can‘t afford them anymore,” said Nicole Allen, director of the open educational resources program at the Scholarly Publishing and Academic Resources Coalition. “It limits access they need to complete their education, which can undercut their ability to perform in class.”