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New Akademos White Paper provides valuable insights from College CFOs on textbooks, course materials and the future role of the college bookstore

Posted by Ariane Rasmussen on April 25, 2017

The 2017 College CFO Survey report highlights an accelerated rise in students leaving the college bookstore and business administrator concern over the impact of textbook prices on student performance and persistence.

THUMBNAIL 2017 CFO White Paper.jpgToday, Akademos Inc. announced the release of an exclusive new White Paper that highlights the results of their proprietary 2017 College CFO Survey on Course Materials and Bookstore Services. This comprehensive report provides critical insight on today’s top college and university bookstore trends and includes findings on bookstore sales, textbook affordability, student preparedness, and emerging trends in digital course materials, eLearning models and general merchandise sales.

This is the third study surveying CFOs and business administrators in higher institutions across the nation. The previous surveys were conducted in 2013 and 2015.

Critical topics addressed in this complimentary White Paper include:

  • The evolving role of the school-sanctioned bookstore
  • Trends in textbook and course material sales
  • Why students are leaving the school-sanctioned bookstore
  • The impact of course material costs on student success, persistence and retention
  • How bookstores need to adapt to meet the demands for new eLearning materials and models
  • The need for an improved adoption process
  • General merchandise sales trends
  • Campus space optimization and the physical footprint of the campus bookstore in the future

“Survey results show that 93% of respondents think textbook prices have an impact on student retention, persistence and completion, as a growing number of students not only have abandoned the school-sanctioned bookstore, but are foregoing purchasing required course materials altogether due to escalating prices,” said John Squires, Akademos Chief Executive Officer. “It’s important for business and academic leadership to continually adapt and prepare for emerging trends in course materials and bookstore services to ensure they are meeting the needs of their students, faculty and entire campus community.”  

The exclusive 2017 College CFO White Paper provides an instructive look at critical issues higher education institutions face and offers potential solutions for the future that can help your institution lower course material costs and win back your students to the campus bookstore.

The full report summarizes responses to all questions asked in the 2017 CFO Survey, provides analysis of the results, and compares trends from the 2013 and 2015 surveys. This White Paper is available at no charge.

 Request Exclusive White Paper Today

 

Topics: Company News, Research, Textbook Affordability, Academic Success, Bookstore Services

Brooklyn Law School partners with Akademos to offer new online bookstore

Posted by Ariane Rasmussen on April 5, 2017

The Akademos Online Bookstore service will offer students a vast selection of low-cost textbooks with a convenient, personalized ordering experience while providing faculty with greater support and visibility during the adoption process.

Brooklyn Law School, known for its vibranBrooklynLawSchool.pngt intellectual community and innovative academic programs designed to prepare students for public service, private practice, and business, has partnered with Akademos, Inc., to offer students a new full-service virtual bookstore that will help students save on textbook and course materials.

Starting with Summer 2017 Session, Brooklyn Law School students will be able to shop for textbooks in new, used, rental and eBook formats on any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students will save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

“With so many of our students choosing to shop for course materials on third-party websites, it was more important than ever to offer students a full-service online bookstore experience that can provide them with outstanding service, convenience, and substantial savings,” said William Araiza, Vice Dean and Professor of Law at Brooklyn Law School.

The next-generation Akademos online shopping platform will be fully integrated with the Law School’s student information system, enabling students to see a personalized listing of the textbooks required for their courses and order books for an entire term in less than five minutes.

“We are excited to partner with Brooklyn Law School to provide students with more affordable purchase options through our unique educational marketplace while providing faculty with the most advanced adoptions and analytics tools to facilitate the adoption process,” said John Squires, Akademos Chief Executive Officer.

Akademos also will provide service to Brooklyn Law faculty and administrators. Through the Akademos Adoption & Analytics portal, faculty will be able to compare real-time prices for course materials in multiple formats to choose among the most affordable and highest-quality materials for students.

Learn more about expanding affordable textbook options for students and online bookstore offerings for educational institutions.

Topics: Company News, Textbook Affordability, Academic Success, Partnerships

Akademos and indiCo join forces to create a one-stop shop hybrid college bookstore solution

Posted by Ariane Rasmussen on March 29, 2017

New partnership provides a virtual and physical solution that will help institutions lower textbook costs, drive academic success and build an innovative campus store.

StackedJointLogosCropped.jpgAkademos and indiCo today announced a partnership to provide full-service virtual and physical bookstore solutions for colleges and universities. This hybrid bookstore solution will dramatically lower textbook prices, provide an innovative campus retail environment, facilitate the transition to new digital course materials and increase student readiness and academic success.

The Akademos-indiCo partnership gives institutions the best of both worlds – an innovative virtual bookstore solution for course materials managed by Akademos, and a campus solution for general merchandise sales provided by indiCo, a subsidiary of the National Association of College Stores (NACS).

“This partnership addresses a critical market need for colleges and universities,” says Jonathan Shar, Chief Marketing Officer of Akademos. “There's significant opportunity for Akademos to partner with schools because of our proven impact on textbook affordability, but many institutions no longer have the knowledge and resources to run a general merchandise store themselves. Together, Akademos and indiCo will develop custom, one-stop shop solutions for institutions that want an innovative, future-proof model that lowers textbook costs and takes back the campus store.”

Akademos’ eCommerce platform and advanced tools reduce textbook costs for students, facilitate the course materials adoption process for faculty, and provide administrators and faculty with critical visibility and control over the textbook delivery process. indiCo’s suite of collaborative services gives institutions an alternative to the traditional leasing of their campus store by allowing them to remain independent from large bookstore-operating companies.

“While leasing the campus store was once a viable option, that model has deteriorated. We believe that independent stores best serve the needs of students and higher education,” says Robert A. Walton, NACS Chief Executive Officer. “Corporate leasing companies now drain more than $1 billion in profits from leased stores every five years. That is money that, through institutionally operated stores, could fund financial aid and other student services, employee benefits, and campus facilities renewal. That’s $2 billion every decade going into the pockets of corporate operators and their investors — money that higher education desperately needs.”

Through this partnership, indiCo’s Independent Campus Stores Collaborative services will provide institutions with a physical store solution for all merchandise categories, other than textbooks and assigned course materials. This solution can range from retail management consultation to full-service store design and management, including complete merchandising, retail POS systems, and staffing developed specifically for an institution’s needs.

“Through this strategic partnership with indiCo, the virtual and physical stores will work together and share specific connection points like cross promotion and general support to optimize and enhance the student, faculty and administrator experience,” said John Squires, Chief Executive Officer of Akademos. “It is possible to drive student success through more affordable course materials and maintain a successful general merchandise campus store – we are here to help institutions do exactly that.”

To see if this solution is right for your institution, click here to learn more.

Topics: Company News, Textbook Affordability, New Bookstore Models, Textbook Adoption, Academic Success, Partnerships, Textbook Accessibility, Campus Store Solutions

Juniata College partners with Akademos to launch online bookstore and deliver students significant discounts on course materials

Posted by Ariane Rasmussen on March 13, 2017

Juniata's new online bookstore will increase textbook affordability and drive student success.

Akademos, Inc. is pleased to announce that Juniata College, a private liberal arts college located in the scenic mountains in central Pennsylvania, has selected Akademos as its online bookstore provider to improve student success and increase textbook affordability.  The College has a strong reputation for excellent academics, personal attention, and state-of-the-art technological resources and is recognized for its distinctive focus on experience and excellent outcomes in Lauren Pope's Colleges That Change Lives.

Starting with summer term 2017, Juniata students can shop for textbooks and course materials in the money saving format of their choice and place orders anytime, anywhere, from any device. The new school-sanctioned virtual bookstore platform will provide students with a wider selection of course materials to choose from – including new, used, marketplace, rental and eBook formats – dramatically expanding students’ access to lower cost course materials.Juniata Logo.jpg

The next-generation Akademos virtual course materials store will give students and faculty complete visibility throughout the textbook purchasing and adoption process. Juniata’s student information system (SIS) will seamlessly integrate with the Akademos online platform enabling students to see a personalized listing of the textbooks required for each of their courses and to order books for an entire semester rapidly and efficiently.

Akademos’ exclusive marketplace offers over 100 million new and used textbooks for students to choose from with the average student saving 60% off the list price. 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.

“We are confident that transitioning to a personalized, school-sanctioned virtual bookstore with a marketplace that offers students more competitive pricing on course materials is the right decision for Juniata,” said James A. Troha, President of Juniata College. “Partnering with Akademos closely aligns with our strategic plan, Courage to Act. Our goal is to give our students access to the best resources available to help them grow and thrive as individuals who think deeply and care deeply about their community.”

Aligning with Juniata’s educational approach of collaborative student-faculty relationships, Juniata faculty will be able to use advanced adoptions and analytics tools to help drive student and institutional success through the adoption of lower-cost, high-quality materials. The Akademos Adoption & Analytics portal allows faculty to compare real-time prices for course materials in multiple formats to choose the best, low-cost options for students. The analytics tools enable faculty and administrators to have critical control over the faculty-adoption and student-purchasing process to track progress from across the entire college to individual classes.

“Our unique and innovative full-service bookstore solution aligns closely with Juniata’s reputation for collaborative student-faculty relationships and state-of-the-art technologies,” said John Squires, Akademos Chief Executive Officer. “What we have seen with other institutions is that a greater selection of materials in different formats, including marketplace options, leads to reduced course material costs – which results in greater access to learning materials and an increase in student preparedness and academic success.”

Leveraging Akademos’ state-of-the-art virtual bookstore platform for course materials will enable Juniata’s current brick and mortar store to transition to a full-service general merchandise campus store.  This new hybrid bookstore model will allow Juniata to use the space previously dedicated to textbooks and course materials to now offer a wider selection of spirit wear, supplies and other merchandise to better serve its community.

Learn more about expanding affordable textbook options for students and online bookstore offerings for educational institutions.

Topics: Company News, Textbook Affordability, Textbook Adoption, Academic Success, Partnerships, Textbook Accessibility

The City University of New York selects Akademos as its exclusive online bookstore provider

Posted by Ariane Rasmussen on February 2, 2017

Utilizing innovative eCommerce service, CUNY colleges will offer students significant textbook savings while enabling faculty to easily evaluate and adopt all course materials

Final CUNY logo.jpgThe City University of New York, the nation’s leading urban public university, has partnered with Akademos to provide online bookstore services that will give students access to a vast selection of low-cost textbooks along with a convenient, personalized ordering experience.  

Students from twelve CUNY colleges will be able to shop for textbooks in new, used, rental and eBook formats from any device using a custom-branded version of the mobile-optimized Akademos online bookstore.  Students using Akademos’ proprietary peer-to-peer marketplace of over 100 million new and used textbooks will save an average of 60% off the list price of their course materials.

“Governor Cuomo has announced an important initiative to make CUNY’s two- and four-year colleges tuition-free for many of New York’s middle class families. The partnership between CUNY and Akademos will further the Governor’s goal of affordability by addressing the rising cost of textbooks, a challenge CUNY students have been facing for some time,” said CUNY Chancellor James B. Milliken.

Executive Vice Chancellor and University Provost Vita Rabinowitz added: “Our experience shows that students who purchase their textbooks are more likely to succeed in their courses of study.  I am delighted that we are addressing this textbook affordability barrier while helping all CUNY students. Our students and faculty have responded well to the value and service Akademos already provides four of our colleges, and we are pleased to extend this service to additional CUNY colleges.” 

After a competitive vetting and bidding process, CUNY selected Akademos as its exclusive vendor for online bookstore services.  Akademos currently serves Queens College, John Jay College, Medgar Evers College and CUNY School of Law.  Over the next year, eight additional CUNY colleges will transition to Akademos service, including: Hunter College, Brooklyn College, City College, Bronx Community College, Hostos Community College, York College, School of Professional Studies, and Guttman Community College.  Thereafter, remaining CUNY colleges may select and utilize Akademos’ services if they wish.

“We are thrilled that CUNY selected Akademos as its exclusive online bookstore provider,” said John Squires, Akademos CEO.  “We are eager to work with CUNY colleges to help lower the cost of learning materials, by providing students new low-cost choices from our broad supply of providers.  In addition, our advanced faculty adoption software and curriculum consulting services will aid faculty in selecting innovative, high-quality materials for instruction that may further reduce costs for CUNY students and support the educational mission of the colleges.”

Learn more about how Akademos can help your institution significantly improve textbook affordability for students.

Topics: Company News, Textbook Affordability, Textbook Adoption, Academic Success, Partnerships, Textbook Accessibility

Akademos & University of Great Falls Partner to Lower Textbook Costs

Posted by Natassia Tanaka on November 29, 2016

The Akademos online bookstore solution will offer UGF students significant textbook savings while enabling faculty to easily evaluate and adopt low-cost course material options

University of Great Falls (UGF) has joined Akademos' fast-growing list of partner schools. University of Great Falls, a private, Roman Catholic, liberal arts university based in Great Falls, Montana, offers associate, bachelor’s and master’s degrees through both onsite and distance learning.UGF logo-1.jpg

Starting Spring semester 2017, UGF students can shop for textbooks in new, used, rental and eBook formats on any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students can save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 18 million unique titles.

The next-generation Akademos online shopping platform will be fully integrated with UGF’s student information system (SIS), enabling students to see a personalized listing of the textbooks required for their courses and order books for an entire term in less than five minutes. Students will also be able to seamlessly apply financial aid to their course material purchases.The online storefront will become UGF’s exclusive school-sanctioned bookstore, with the campus store selling items including spirit wear and general merchandise.

In addition, the Akademos Adoption & Analytics Portal will increase adoption process efficiency by enabling administrators to track textbook adoption progress across individual departments and the entire system. It will also make it easy for faculty to select affordable, high-quality books by providing visibility into the real-time prices for course materials in multiple formats, and enabling faculty to receive personal consultations on alternative, low-cost learning materials.

“Partnering with Akademos enables us to offer our students the lowest possible textbook costs by providing them with access to a vast selection of affordable used, rental and eBook materials through the Akademos peer-to-peer Marketplace,” said Stacey Eve, vice president for finance and human resources at UGF. “Additionally, Akademos’ Adoption & Analytics Portal allows us to significantly streamline our currently manua ltextbook adoption process and arm our faculty with tools and services that can further improve textbook affordability for our students.”

“In order to effectively compete with low-cost online retailers and better support academic success, institutions are transitioning to new, sustainable bookstore models that serve students, faculty and other stakeholders now and in the future,” said John Squires, chief executive officer, Akademos. “By moving to a new bookstore model that facilitates the sale of low-cost textbooks and supports a profitable on-campus general merchandise store, University of Great Falls will provide its students, administration, faculty and alumni with the best of both worlds.”

Learn more about how Akademos can help your institution significantly improve textbook affordability for students.

 

Topics: Company News, Textbook Affordability

Akademos & Beaufort County Community College Partner to Improve Textbook Affordability

Posted by Lauren LaFronz on October 27, 2016

The Akademos online bookstore and marketplace will offer BCCC students significant savings on course materials while providing the convenience of anytime, anywhere ordering

Beaufort County Community College (BCCC) has joined Akademos' fast-growing list of partner schools. BCCC, a public institution based in Washington, North Carolina, provides aBCCC Gulls Logo in Blue.jpgssociate degree, diploma, certificate and continuing education programs for Arts and Sciences, Business/Industry and Allied Health. These programs are designed to help students transfer to a four-year college or go directly into the workforce, as well as serve individuals that simply wish to advance their skills.

Starting Spring Term 2017, BCCC students can shop for textbooks in new, used, rental and eBook formats on any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students can save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 18 million unique titles.

The next-generation Akademos online shopping platform will be fully integrated with BCCC’s student information system (SIS), enabling students to see a personalized listing of the textbooks required for their courses and order books for an entire term in less than five minutes. Students will also be able to seamlessly apply financial aid to their course material purchases.

“The high cost of course materials was making it increasingly difficult for us to fulfill our mission to provide our students with an accessible and affordable education,” said Mark Nelson, vice president of administration, BCCC. “Partnering with Akademos enables us to bring down student costs by providing our students with an unmatched selection of affordable course materials in a wide variety of formats and purchase options.”

“Our unique marketplace and e-commerce platform will provide BCCC students with the choice, value and convenience they demand,” said John Squires, chief executive officer, Akademos. “We’re looking forward to working with BCCC to provide their students with a highly personalized and intuitive course material ordering experience.”

Learn more about how Akademos can help your institution significantly improve textbook affordability for students.

 

Topics: Company News, Textbook Affordability

Akademos Launches New Curriculum Development Service for College Faculty

Posted by Lauren LaFronz on September 21, 2016

Partnership with NobleStream provides faculty with individual consultations for the selection of innovative, low-cost learning materials

Akademos has launched a custom curriculum development service for college faculty that helps institutions improve textbook affordability and educational outcomes.Akademos_Curriculum_Services_logo.jpg

Akademos Curriculum Services™ provides faculty with personal consultations on new learning models and course material choices that support faculty and student success by improving access to alternative, low-cost options. Through a strategic partnership with education consulting firm NobleStream, faculty at Akademos’ 120+ partner institutions can engage with NobleStream course advisors and explore opportunities to use unique courseware from best-in-class educational providers. Key features include:

  • Discovery of solution providers in the Akademos Adoption & Analytics Portal with easy “one-click” faculty scheduling for consultations

  • Custom course pricing options that dramatically reduce costs while providing high-quality digital course materials and relevant, advanced instructional products

  • One-stop access to a suite of innovative educational solution providers including Fulcrum Labs, Lrnr, MindEdge, panOpen, uCertify and many more to help faculty evaluate and select the most appropriate resources for meeting their learning objectives

“We’ve had a profound impact on reducing students’ costs by providing them more affordable purchase options, including our unique educational marketplace,” said Akademos CEO John Squires. “In addition, our advanced faculty software and services dramatically improve the speed and accuracy of course material adoptions. Now, through our partnership with NobleStream, we’ve added a vital resource to course material discovery that informs faculty about new materials that can improve the classroom experience and significantly lower student costs.”

“Akademos is a leader in creating value for colleges and universities, and we are delighted to extend their reach by playing an active role in helping faculty drive student and institutional success,“ said NobleStream Managing Partner Howard Weiner. “NobleStream’s portfolio of educational companies are innovators in instructional design, and they are ideally-matched to provide custom solutions for Akademos partner institutions.”

To request more information visit info.akademos.com/learn-more

Topics: Company News, Textbook Affordability

Akademos & Peru State Reduce Textbook Costs & Improve the Adoption Process

Posted by Lauren LaFronz on July 27, 2016

Akademos online marketplace saves students up to 60% off the list price of course materials

Peru State College, a public, four-year institution and Nebraska’s first college, has partnered with Akademos to significantly reduce textbook costs, improve the efficiency of the textbook adoption process and empower faculty to select affordable, high-quality course materials.peru-state-logo.jpg

Peru State students can now shop for textbooks in new, used, rental and eBook formats on any device using a custom-branded version of the mobile-optimized Akademos online bookstore. They save an average of 60% off the list price of course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

The Akademos online shopping platform is fully integrated with Peru State’s student information system (SIS), enabling students to see a personalized list of required textbooks and order books for an entire term in less than five minutes. Students can also seamlessly apply financial aid to their course material purchases. The online storefront has become Peru State’s exclusive school-sanctioned bookstore, with the campus store selling items including spirit wear and general merchandise.

In addition, the Akademos Adoption & Analytics Portal increases adoption process efficiency by enabling administrators to track textbook adoption progress across individual departments and the entire system. The Portal also makes it easy for faculty to select affordable, high-quality books by providing full visibility into textbook adoption history and real-time prices for course materials in multiple formats.

“With more and more of our students choosing to purchase textbooks from third party websites, it became clear that transitioning to an online bookstore was the only way we could provide them with the savings, selection and convenience they demand,” comments Tim Borchers, vice president, academic affairs for Peru State College.“The Akademos college bookstore solution was the best choice for us because it offers our students unbeatable textbook prices and provides state-of-the-art adoption tools that drive process efficiencies while ensuring our faculty make cost-conscious adoption decisions.”

“Many institutions recognize that transitioning to an online bookstore improves textbook affordability, however, the impact that advanced adoption tools can have on textbook costs is often overlooked,” states John Squires, chief executive officer, Akademos. “By recognizing how providing faculty with information such as comparative pricing encourages the adoption of affordable course materials, Peru State is ahead of the game.”

Learn more about how Akademos can help your institution significantly lower textbook prices for students.

 

Topics: Company News, Textbook Affordability, Textbook Adoption

Akademos & Presentation College Launch Online Bookstore Offering Affordable Textbooks

Posted by Lauren LaFronz on July 19, 2016

Hybrid bookstore model enables Presentation to offer low-cost textbooks online and a wider selection of merchandise on campus

Akademos has partnered with Presentation College to launch an online bookstore website giving students access to a vast selection of low-cost textbooks along with a convenient, personalized and fast ordering experience. Presentation College, named to the President’s Honor Roll for Community Service, is an independent Catholic institution based in South Dakota with a focus on presentation-college.jpgthe education of health care professionals.

Presentation College is implementing the “hybrid bookstore model,” which enables the institution to offer all course materials through the low-cost online bookstore and leverage its on-campus shop to sell a wide variety of ”Spirit” wear and general merchandise.

Presentation students can shop for textbooks in new, used, rental and eBook formats from any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

The Akademos online shopping platform is scheduled to be fully integrated with Presentation’s student information system (SIS), which will enable students to see a personalized list of required textbooks and order books for an entire term in less than five minutes. Students will also be able to seamlessly apply financial aid to their course material purchases.

“Transitioning to a fully-virtual, low-cost bookstore with a marketplace was a natural choice given that most of our students are already accustomed to comparison shopping for just about everything on the internet,” stated Presentation College Vice President for Finance Cathy Hall. “The hybrid model allows us to significantly improve textbook affordability while maximizing the profitability of our on-campus shop by offering a wider selection of other items.”

“While price is and always will be a key driver behind where students choose to purchase their course materials, the results of our recent college student survey show that the importance of convenience should not be underestimated,” commented John Squires, chief executive officer, Akademos. “The Akademos online bookstore solution provides Presentation students with the ultimate textbook ordering experience by offering low prices and a high level of convenience in addition to a fully personalized course materials list.”

Learn more about how Akademos can help your institution significantly improve textbook affordability for students.

 

Topics: Company News, Textbook Affordability, New Bookstore Models