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Students cope with increasing textbook prices

  • Given that the average student is now spending $1,200 on textbooks every year, 70 percent of students have revealed that they skip buying some books in order to save money. 

    "It's getting to the point where students can't afford them anymore," Nicole Allen, director of the open educational resources program at the Scholarly Publishing and Academic Resources Coalition said. According to Allen, this might result in reducing the ability of the students to perform well in classrooms. 

    Mark J. Perry of University of Michigan highlighted a chart showing an 812 percent increase in textbook pricing since 1978 and mentioned that it is irritating for the students and professors to know that they have resulted in speeding up the publishing schedule. 

    The new editions come out frequently resulting in the old ones becoming less valuable, which doesn't let students get a good return on reselling books. A psychology major at Hunter College in New York said "last semester I paid $80 for a textbook and it only sold back for $12."

    There are, however ways for students to save money by making use of rental programs as well as electronic versions of text books. 

    Some students buy e-books because they are cheaper but the rest choose to stick to the paper version since that allows note taking and writing. Note taking on rental books is forbidden as well. 

    Anushah Hossain, studying at the University of California said she waits on the prices to fall down as the semester goes on. 

    "I have to plan my studying around our library's loan system," she said. "You can go in for two hours and borrow it," she said. 

    Tagged as: textbook prices, students textbook prices, college students budget, money news, business news