Recently, the University of Louisiana at Lafayette made headlines for a $1,000 eBook. The access code for an introductory accounting course was purposefully priced at almost 4x the cost of the printed textbook. Criticism of the university and publisher spread quickly over social media, accusing them of price manipulation and scamming students into more debt. UL-Lafayette’s response did not do much to assuage anger, causing much disbelief that the institution acted on “good intentions.” Even further providing fuel for the fire when the price of the digital version was changed to match the print version and not significantly lower like most digital texts.
My student loan balance is over $20,000. I don’t own a home, have kids, or go on vacations. I have too much credit card debt and not enough savings. I am 37. I am one of the 44 million Americans struggling with the financial hardships of getting a college degree, delaying and even refraining from participating in the life milestones that keep the economy functioning. Since the year 2000, the economy has gone through two recessions, wages of college grads continually decreased, lowering lifetime earning potential, and college costs steadily increased – the single largest increase in higher education costs is textbook prices.
In the coming weeks, millions of students will be returning to college and university campuses. The air will be full of excitement as existing students settle in for a new year and new students look forward to a new chapter. Dorms will fill up with boxes and suitcases and the quad will fill with tables representing campus activities and student organizations. Campus bookstores will offer extended hours as students search for their books and materials. These students will spend hundreds of dollars, some over a thousand, this semester alone. Increasingly, this spend will not occur inside the bookstore.
Over the past academic year, 16 institutions have chosen the Akademos virtual bookstore solution, lowering textbook prices for students and offering advanced tools for faculty.
16 colleges and universities have selected Akademos as their virtual bookstore services provider for the upcoming academic year. These partnerships highlight the growing trend for colleges and universities to prioritize textbook affordability and student academic success by moving to a virtual model for course materials.
New CEO appointed to accelerate growth of the leading virtual bookstore platform in Higher Education
Today, we announced Raj Kaji as the new Chief Executive Officer. Following the successful rapid growth seen under the departing John Squires, Raj will continue the trajectory of Akademos and support student success by accelerating the expansion of our virtual bookstore platform in colleges and universities across the nation.
Akademos’ low cost course materials and highly personalized service to support student academic success
Midway University has selected Akademos as its new online bookstore provider to help students save on their textbooks. The private, liberal arts university was founded in 1847 and offers career-focused degree programs for undergraduate and graduate students. The University, located in Midway, Kentucky, will launch its Akademos bookstore on July 1 in support of its Fall Term 2018.