University of Lynchburg Partners with Akademos to Address Textbook Affordability for Students

Akademos will provide students with access to lower cost course materials and highly personalized service

We are thrilled to announce that the University of Lynchburg has selected Akademos as its online bookstore provider to help students obtain significant savings on course materials. 

A nationally recognized private university with more than 3,000 students and 24,000 alumni around the world, Lynchburg’s mission to prepare students for engagement in a global society and for effective leadership in the civic, professional, and spiritual dimensions of life, will be further strengthened with the Akademos partnership. The new online bookstore and course materials platform will launch in support of the summer 2020 term.

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Akademos and CogBooks Announce Strategic Partnership

Further advancing an integrated approach to learning in higher education

We are very excited to announce our newest strategic partnership that brings additional benefits to students and faculty through the Akademos course materials platform. The partnership integrates CogBooks’ engaging adaptive learning courseware into Akademos’ industry-leading online bookstore and course materials platform. In addition to a more comprehensive course materials ecosystem and agile learning environment that keeps students engaged, this strategic agreement will provide higher education institutions valuable tools and insights into student success.

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Keeping Your Campus Store Open, Even When Its Closed

 

Before joining Akademos just a few weeks ago, I worked for many years as a college English instructor at the University of Connecticut. As an “elder millennial” who grew up at the dawn of the Internet age, I was always interested in how the current generation of students relates to technology. I noticed two things: 1] college students are living more and more of their lives online and 2] many students, inundated with technology, crave the embodied experience of the physical campus environment.

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Mitchell Technical Institute Chooses Akademos to Manage Online Bookstore

Implementing an online bookstore to manage all of the course material logistics doesn’t mean it is necessary to get rid of the on-campus store. Campus stores can be a central location where students frequently gather to shop for spirit wear, grab coffee and snacks, and meet up with peers. Mitchell Technical Institute has partnered with us to manage their course materials while they focus on selling tools, spirit wear and other goods to support their programs, scholarships, and more.

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How a Managed Online Bookstore Can Create New Revenue Opportunities

It’s safe to say that changes in student purchasing behavior, in course material options, and in technology have disrupted many college bookstores, a once-stable revenue source for textbook sales. Bookstore earnings are down by as much as 35% at colleges and universities and P&L statements show an increasingly common theme: administrators need to find a solution to the issue of declining revenues.

A number of possible options can help. One solution that allows universities to regain the income lost to online competitors like Amazon while also creating new opportunities for profitability and cost savings is the online bookstore model. By transitioning the college bookstore to a centralized online model for adoptions, purchasing, and access, schools can free up valuable physical space, provide a single platform for physical and digital course materials, and get deeper insights into bookstore and course material utilization. With an online bookstore partner, many operational tasks—from inventory ordering to logistics to customer support and even buyback programs—can be delegated, enabling university staff to focus on higher-level strategic goals.

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Hendrix College Chooses Akademos for Online Bookstore Services to Create a Flexible, User Friendly Experience

As technology permeates more and more aspects of our lives, colleges and universities continue to implement new programs and tools to help administration, faculty, and students simplify their day. Most schools have software systems for managing everything from admissions to finances to curriculum, but when it comes to the adoption and purchasing of course materials, many institutions still use a manual process through a physical store.

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