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Mary Baldwin College Launches Online Bookstore to Deliver Students Significant Discounts on Course Materials 

Posted by Jonathan Shar on May 26, 2015

Mary Baldwin partners with Akademos to improve student success and increase textbook affordability, becoming the third Council of Independent Colleges member in Virginia to move to the Akademos solution within the last 12 months.

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We are pleased to announce that Mary Baldwin College, a private liberal arts college in Staunton Virginia, has joined our rapidly growing list of partner schools. Mary Baldwin joins Roanoke College and Bridgewater College as the third Council of Independent Colleges (CIC) member institution in Virginia to adopt the student savings Akademos platform within the last 12 months. 

Starting in Fall 2015, Mary Baldwin College students can shop for textbooks and course materials in the money saving format of their choice and place orders anytime, anywhere through the mobile optimized online bookstore and marketplace. 

“We are confident that Akademos’ online bookstore platform is the right choice to connect Mary Baldwin students with the course materials they need to thrive academically,” said Crista Cabe, Vice President for Communication, Marketing, and Public Affairs at Mary Baldwin College. “Students will get the right textbooks, at the most competitive prices, and on time.” Mary Baldwin students will be able to order their course materials through the new school-sanctioned online bookstore and seamlessly choose between New, Used, Marketplace, Rental and eBook options, dramatically expanding their access to lower cost textbooks. At the end of each term students will have the option to sell back their textbooks through the Akademos peer-to-peer marketplace to recoup some of their cost. 

“I am pleased to welcome Mary Baldwin College to Akademos and look forward to teaming with students, faculty, and administrators to lower the cost of course materials, enhance textbook adoption efficiencies, and ultimately to achieve our mutual goal of improving learning outcomes for students,” said Chief Executive Officer John Squires. “Our solution will encourage students to use the school-sanctioned bookstore website by offering competitively priced textbooks and a mobile-optimized easy to use shopping experience.”

To learn more about expanding affordable textbook options for students and the Akademos’ virtual bookstore offering, visit www.akademos.com. To see how the Akademos solution can work for your institution, register today for a personalized 1:1 consultation

About Mary Baldwin College
Mary Baldwin empowers leaders to pursue lives of purpose in a changing world. As a distinctive small university committed to its rich heritage as an inclusive, women-centered liberal arts college, Mary Baldwin fulfills its mission by providing undergraduate, graduate, and professional education to a diverse population of women and men. It emphasizes high ethical standards and the development of critical, creative, and reflective reasoning as the foundation for fulfilling, engaged, and meaningful lives.

Topics: Company News

CUNY School of Law to Launch Akademos’ Online Bookstore Solution

Posted by Jonathan Shar on May 18, 2015

We are pleased to announce that the CUNY School of Law has joined our growing list of partner schools. The School of Law, along with Medgar Evers College and John Jay College of Criminal Justice, becomes the third City University of New York (CUNY) Institution to adopt the Akademos value focused bookstore solution within the last year.

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Starting in Fall 2015, CUNY School of Law students can shop for textbooks and course materials in the money saving format of their choice and place orders anytime, anywhere through a mobile optimized online bookstore and marketplace.

The new online bookstore will accept the CUNY Scholar card, enabling students to seamlessly apply financial aid toward their purchases. With the deep SIS integration and a best-in-class online shopping experience, students will now be able to complete their course material ordering for a term in less than 5 minutes.

“We believe Akademos will best serve our students and faculty,” said Glenn Kaufhold, Chief Operating Officer of CUNY School of Law. “The Akademos online bookstore is built to meet the demand for competitively priced textbooks, and their innovative faculty resources will create much needed efficiencies in our course material adoption process. As an added benefit, moving to an online bookstore will allow us the opportunity to repurpose our existing bookstore space to better serve our students.”

“I am pleased to welcome CUNY School of Law to Akademos,” said Chief Executive Officer John Squires. “We are excited for students to experience our new store design and mobile-optimized shopping experience. Our commitment to continuous innovation around the concepts of value and ease of use will provide outstanding service for CUNY School of Law students, faculty and administrators alike.”

To learn more about expanding affordable textbook options for students and our online bookstore offerings for educational institutions, visit www.akademos.com.

About CUNY Law School
The City University School of Law is the premier public interest law school in the country. It trains lawyers to serve the underprivileged and disempowered and to make a difference in their communities. Our motto, "law in the service of human needs," infuses everything we do.

About Akademos
Akademos offers virtual bookstore services, eLearning solutions, and an innovative textbook marketplace to schools. Its comprehensive supply-chain solution and commitment to responsive personal service make Akademos a leader in providing affordable textbooks and digital learning tools for schools. Students can choose from new, used, rental, and eBook options while schools can reduce costs and increase operating efficiency. Faculty can search, discover, and adopt new texts using the Akademos Textbook Adoption Tool at http://www.adoption.akademos.com. Akademos delivers the right course materials, at affordable prices, on time. Learn more about Akademos' direct-to-students ecommerce platform at http://www.textbookx.com and its offerings to partner schools at http://www.akademos.com.
 

The Impact of Textbook Costs on Student Retention and Persistence

Posted by Jonathan Shar on May 13, 2015

 
“Colleges are scrutinized more than ever before over student outcomes”
Robert Pignatello, SVP of Finance and Administration at CUNY's John Jay College of Criminal Justice

The focus on student retention and persistence is growing in importance to college administrators as they try to improve graduation rates and decrease the loss of tuition revenue from students that either drop out or transfer to another school. According to the U.S. Department of Education, Center for Education Statistics, only 50% of those who enter higher education actually earn a bachelors degree. The reasons range from family problems and loneliness to academic struggles - and as the total cost of eduction has increased in the US, so has student attrition. 

In the 2015 College CFO Survey on Textbook Affordability and Bookstore Services, we asked participants if the increasing prices of textbooks played a role in student persistence and retention on their campus.  

96% of respondents indicated that the high cost of textbooks and course materials had an impact on student retention and persistence. This is up 8% from the study published in 2013, with respondants stating “Very Much” increasing by 13% in just two years. 

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Source: CFO survey on Textbook Delivery and Bookstore Services. Akademos, 2015.

The study indicates that reducing textbook costs can not only have a positve impact on student satisfaction, but may have a significant financial impact for colleges and universities by helping improve student completion and retaining more tution revenue.

“This was a big factor for us in terms of convincing our faculty to abandon the traditional brick and mortar store and move to a virtual (student savings) format," Pignatello noted on the webinar.  

To learn more about key trends and predictions on the future of textbook sales and campus bookstore services, the full presentation and recording of our "2015 College CFO Survey on Textbook Affordability and Bookstore Services” webinar session is now available for free download. 

Click here to request webinar materials

Why Textbook Rentals Are On The Rise

Posted by Jonathan Shar on May 11, 2015

Two years ago, Akademos published the first comprehensive survey of College CFOs regarding the future of college bookstore and textbook services and in an exclusive webinar held on April 29, released the preliminary findings of the 2015 follow-up study.

In both, participants were asked to estimate the breakdown of their bookstore's textbook sales.

The latest survey found that on average, new books still represent the largest % of textbook sales; however in just two years this percentage has declined significantly (now 38%, down from 52%) - with Rentals growing by more than 60% (from 14% to 23% in 2015).

rental_compSource: CFO Survey on Textbook Delivery and Bookstore Services. Akademos, 2015. 

In addition, in another survey question when asked about the importance various services to the "Future of your Bookstore"; 73% rated Rentals as "Very Important," up 26% from the 2013 study.

Textbook Rentals are clearly on the rise, but why and is it the most cost-conscious choice for students? Robert Pignatello, SVP of finance and Administration at CUNY’s John Jay college and Akademos CEO John Squires addressed this topic during the webinar.

“The net ownership cost of textbooks is a key consideration,” commented Squires.“Often, rentals have a lower up-front cost to the student but can be more expensive long term.”

Pignatello agreed, saying “we [college administrators] have an obligation to look at the total cost of ownership, and to help our students make the right choice. Often times, buying a used book and selling it will cost less than renting.” 

To learn more about key trends and predictions on the future of textbook sales and campus bookstore services, the full presentation and recording of our "2015 College CFO Survey on Textbook Affordability and Bookstore Services” webinar session is now available for free download. 

Click here to request webinar materials

Why Campus Bookstore Textbook Sales Continue to Decline (According to College CFOs)

Posted by Jonathan Shar on May 7, 2015

Two years ago, Akademos published the first comprehensive survey of college CFOs regarding the future of college bookstore and textbook services - and in an exclusive webinar held on April 29, released the highlights of the eagarly aniticpated 2015 follow-up study

In both surveys,participants were asked to estimate the trend line in their bookstore's textbook sales over the past 3 years.

In the latest survey, 91% of respondents indicated textbook sales have been flat or down over the past three years and in just two years there was a 36% increase in CFOs reporting declines of more than 10%. 

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Source: CFO survey on Textbook Delivery and Bookstore Services. Akademos, 2015. 

the survey data reviewed during the webinar provides some valuable insight into why sales declines have accelerated and why they are likely to continue to decline in the future. 

Robert Pignatello, SVP of finance and Administration at CUNY’s John Jay College shared some valuable insights on this topic as one of the featured speakers during the webinar and commented on his own expereince and observations:   

"We started to think about providing low-cost options to students and re-thinking the traditional way of viewing the college store," recalls Pignatello. We began to build up other areas of revenue producing activity at the college, knowing this trend was going to continue. In a few short years we saw [textbook sales] go down by 50%, and it continued to go down."

To learn more about key trends and predictions on the future of textbook sales and campus bookstore services, the full presentation and recording of our "2015 College CFO Survey on Textbook Affordability and Bookstore Services” webinar session is now available for free download.
 
Click here to request webinar materials

2015 College CFO Survey on Textbook Services: Webinar Recap and Materials Available

Posted by Jonathan Shar on April 30, 2015

Yesterday we were joined by Robert Pignatello, SVP Finance and Administration at CUNY’s John Jay College and John Squires, CEO of Akademos for an informative and lively "2015 College CFO Survey on Textbook Affordability and Bookstore Services” Webinar. If you were unable to join us for this discussion we wanted to make the presentation and recording of the session available for you to download free by clicking here.

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The feedback from attendees has been extremely positive.  Most participants found the survey results and commentary on the trends and future of textbook services extremely relevant and informative.

Three years ago Akademos completed the first comprehensive survey of college CFOs regarding the future of bookstore services and this informative webinar provided a first look at the results of the just completed follow-up study addressing critical issues and key trends, including:  

  • Trends in campus bookstore textbook sales
  • The percentage of students leaving their school-sanctioned bookstore and why
  • The number of students not purchasing required materials and why
  • The impact of textbook costs on student success, persistence and retention
  • How bookstore services need to change to meet the demands for new learning models

See how these and other important questions begin to be addressed in this special webinar.

Click here to request webinar materials

If you have any other questions or would like to learn more about expanding affordable textbook options for your students and our innovative textbook and course materials adoption tools for faculty and administrators, we would be happy to set-up a personalized 1:1 consultation today.

Topics: Webinars & Events

Georgia Military College Partners with Akademos to Lower Textbook Costs for Students

Posted by Jonathan Shar on April 27, 2015

With the goal of providing more affordable access to education for all students, Georgia Military College’s Online Campus partners with Akademos to launch an online bookstore aimed at delivering significant discounts on course materials.

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We are pleased to announce that Georgia Military College Online Campus (http://www.gmc.edu), a public-independent educational institution comprised of a junior college and a separate preparatory school, has joined our list of partner schools.

Starting this summer, GMC students will be able to order their course materials through the new school-sanctioned online bookstore and seamlessly choose between New, Used, Marketplace, Rental and eBook options, dramatically expanding their access to lower cost textbooks. With a design optimized for smartphones and tablets, students can conveniently place orders anytime, anywhere through the new Akademos’ powered service.

“At Georgia Military College, we are continually seeking ways to help students successfully complete their degree as quickly and affordably as possible—and Akademos’ online bookstore aligns perfectly with this objective,” said Jody Yearwood, Executive Director of the Online Campus. “We offer all of our Associate Degrees completely online and charge no out of state tuition fees. And now we will offer students a best-in-class textbook delivery platform with competitive prices, further reducing the expense of education for our students.”

“Like a growing number of institutions, we recognize that affordable access to a high quality education is the cornerstone of Georgia Military College,” said Chief Executive Officer John Squires. “We are excited to add GMC to our rapidly growing list of Colleges and Universities. We look forward to teaming with students, faculty, and administrators to lower the cost of course materials, enhance textbook adoption efficiencies, and ultimately, to achieve our mutual goal of improving learning outcomes for students.”

 To learn more about expanding affordable textbook options for students and the Akademos’ virtual bookstore offering, visit www.akademos.com. To see how the Akademos solution can work for your institution, register today for a personalized 1:1 consultation.

 

Topics: Company News

The Declining Trend in College Textbook Sales

Posted by Jonathan Shar on April 24, 2015

In the begining of 2013, Akademos published the first comprehensive survey of college CFOs regarding the future of college bookstore services.  One question participants were asked was to estimate the trend line in their bookstore's textbook sales over the past 3 years and 83% of respondents indicated that textbook sales have been flat or down per the chart below.

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 See how the opinion of CFOs throughout the country has now changed when Akademos reveals its first look at the recently completed follow-up study on the trends and future of textbook services during our live webinar.

Learn what leading college CFOs think about the evolving bookstore model and hear from one such leader, Robert Pignatello, on how John Jay College reimagined the college bookstore for the 21st century. This special webinar will prove helpful to college administrators across the country facing these and other related challenges.

Click here to request webinar materials

 The discussion, lead by John Squires, CEO of Akademos along with Robert Pignatello, SVP Finance and Administration at CUNY’s John Jay College provides insightful commentary on the key findings.

 

 

 

The Changing Role of the College Bookstore

Posted by Jonathan Shar on April 21, 2015

The college bookstore services landscape has been radically transformed over the last few years as students, faculty and administrators are increasingly concerned about the escalating costs of textbooks. Colleges are now searching for new solutions to lower costs and support their core mission of educating students.

In the begining of 2013, Akademos published the first comprehensive survey of college CFOs regarding the future of bookstore services. One question participants were asked to address was their opinion on the primary role of the bookstore.  

Overwhelmingly, College CFO's (80% of them) chose providing textbooks as the bookstore's central objective.2012-2013_Primary_Role_of_the_Bookstore

See how the opinion of CFOs throughout the country has now changed when Akademos reveals its first look at the recently completed follow-up study on the trends and future of textbook services during our live webinar.

Learn what leading college CFOs think about the evolving bookstore model and hear from one such leader, Robert Pignatello, on how John Jay College reimagined the college bookstore for the 21st century. This special webinar will prove helpful to college administrators across the country facing these and other related challenges.

Click here to request webinar materials

The discussion, lead by John Squires, CEO of Akademos along with Robert Pignatello, SVP Finance and Administration at CUNY’s John Jay College provides insightful commentary on the key findings.

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CUNY’s Medgar Evers College to Launch Online Bookstore to Reduce Textbook Costs for Students

Posted by Jonathan Shar on April 20, 2015

Medgar Evers chooses Akademos to improve student success and increase textbook affordability, becoming the second City University of New York (CUNY) institution to partner with Akademos.

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Akademos announced today that City University of New York’s (CUNY) Medgar Evers College (http://www.mec.cuny.edu) has joined its rapidly growing list of partner schools.

With Akademos’ personalized online bookstore, marketplace and course materials adoption platforms, Medgar Evers students will have significantly expanded access to a broad selection of lower priced textbook options.

“I am pleased to welcome Medgar Evers to Akademos,” said Chief Executive Officer John Squires. “We are excited for the opportunity to serve another CUNY school and look forward to applying our experience with Medgar Evers to delivering an innovative online bookstore experience for Medgar Evers students, faculty, and administrators.”

Beginning with summer term 2015, Medgar Evers students can shop for textbooks in the format of their choice across new, used, rental or eBook options and place orders anytime, anywhere through the mobile optimized online bookstore and marketplace. In addition, the bookstore will accept the CUNY Scholar card, enabling students to seamlessly apply financial aid toward their purchases. With the deep SIS integration and best-in-class online shopping experience, Medgar Evers students will now be able to complete their entire textbook ordering for a term in less than 5 minutes.

“During this time of industry-wide bookstore transformation and competitive online landscape, institutions must find proactive solutions to increase textbook affordability,” said Dr. Augustine Okerke, Senior Vice President/Provost at Medgar Evers. “Our new Akademos powered online bookstore will meet our student’s demand for competitively priced textbooks. Furthermore, Akademos will meet our needs by giving students, faculty and administrators more choices, reducing space requirements, and bringing Medgar Evers a stable business model that serves our institution for years to come."

To learn more about expanding affordable textbook options for students and Akademos’ solutions for Colleges and Universities, visit http://www.akademos.com

About Medgar Evers College 
Located in Crown Heights, Brooklyn, Medgar Evers College is a growing institution offering both Associate and Baccalaureate degrees. The nearly 7,000-member student body is primarily comprised of those who are the first in their families to attend college. A senior college within The City University of New York (CUNY) system, Medgar Evers College was established in 1970 with a mandate to meet the educational and social needs of the Central Brooklyn community. With a commitment to students who desire a sound academic foundation as well as an opportunity for personal development, Medgar Evers College seeks to provide high-quality, professional, career-oriented undergraduate degree programs in the context of a liberal arts education. For more information, visit http://www.mec.cuny.edu.

 

Topics: Company News

 

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