News and Insights on College Textbooks, Course Materials & Bookstore Services

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The Dawn of the $400 Textbook and Helping College Students Fight These Costs

Mark Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. CPI_1998_to_2014

Over the past few years, he has written a number of interesting articles tracking the alarming rise of college textbook prices.  His latest article, published this week, disects the era of $400 textbooks and lists the 15 most expensive textbooks at the University of Michigan-Flint.  Here’s the link.

In this article, Mr. Perry updates charts illustrating how the cost of college textbooks is outpacing the national Consumer Price Index as well as recreational book prices:

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Research Finds Correlation Between Textbook Affordability & Student Satisfaction

According to research results highlighted in the 2015 Survey of College Presidents, Provosts and CAOs on the Future of Bookstore Services Overview 3.pngand Textbook Delivery White Paper, creating a formalized textbook affordability program is the key to unlocking student and faculty satisfaction.

One of the most important insights from our 2015 Survey of College Presidents, Provosts and CAOs on the Future of Bookstore Services and Textbook Delivery is that having a formal program to help faculty select high-quality, low-cost course materials directly correlates with higher student and faculty satisfaction. However, only 21% of institutions in the survey reported that they have a formal program.

The Impact of High Textbook Costs on Student Retention

In our 2015 survey of College Presidents, Provosts and CAOs on the Future of Bookstore Services and Textbook Delivery, Do Textbook Costs Impact Retention and Persistence/Completion?
we asked participants to weigh in on how the exorbitant cost of textbooks are affecting student outcomes. 

The majority (91%) of respondents agreed that the high cost of textbooks and course materials is having a negative impact on student retention, persistence, and completion.

White Paper: College CAO Survey on the Future of Bookstore Services & Textbook Delivery

Survey results highlight  a significant gap between institutions recognizing the problem of textbook affordability and those taking action to implement change.  

White Paper: College CAO Survey on the Future of Bookstore Services & Textbook Delivery

In 2013, Akademos conducted the first comprehensive survey of College and University Presidents, Provosts, and CAOs focusing on textbook delivery, costs, and bookstore services. The just-released 2015 follow up survey reveals a rich set of data points, key trends and insight into the challenges and opportunities facing institutions regarding escalating textbook prices and their impact across all campus stakeholder groups.

The Impact of Textbook Affordability on Student Retention and Persistence

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.  

CUNY’s Medgar Evers College Selects Akademos' Online Bookstore Solution

Medgar Evers chooses Akademos to improve student success and increase Medgar Evers College Selects Akademos to Reduce Textbook Costs for Studentstextbook affordability, becoming the second City University of New York
(CUNY) institution to partner with Akademos.

Akademos announced today that City University of New York’s (CUNY) Medgar Evers College has joined its rapidly growing list of partner schools.

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