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.
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.
One thousand professors from over 300 colleges in all 50 states released a statement today declaring their preference for high-quality, affordable textbooks, including open textbooks, over expensive commercial textbooks.
A new report, released today by The Make Textbooks Affordable Campaign, presents new case studies of how the college textbook publishing industry deliberately undermines the used book market and inflates prices. Based upon surveys and interviews of bookstore managers and university faculty across the country, the report – “Required Reading: A Look at the Worst Publishing Tactics at Work” – identifies specific textbooks that employ types of publishing tactics, and illustrates how they inflate the cost of textbooks for students.
Students are still paying too much for their textbooks, as book prices skyrocket at four times the rate of inflation, according to the new report from the Massachusetts Public Interest Research Group. The report highlights one major cause for the artificially high prices – publishers don’t provide clear information about their prices to faculty.