[Overview] Are Textbooks so Expensive?

For the first post, we are going to give out a simple overview situation of the problem(i.e. unaffordable uni text book)

(img source: http://cdn.theatlantic.com/static/mt/assets/business/AEI_Textbook_Inflation.jpg)

From this diagram, we could see that the text book price is obviously much higher than other categories’ books.

At the same time, according to Student Monitor’s data, during the 2010-11 school year, students spent an average of $534 on books.  Hence, a recent Student PIRGs survey shows that 70% students have skipped buying textbooks because of their cost.

(img reource: http://www.bookstore.mcmaster.ca/wstore/mcm/images/courseware/textbook-prices.gif)

The Breakdown of Where Your Text Dollar Goes

The diagram shows the textbook publishers receive approximately 80% from the sale of each text.  And approximately 15% from the sale of each textbook is used to fund operations.  Regarding to this circumstances, the 80% is something that could not be reduced.  Therefore, the price could only be reduced by adjusting the 15%, which is introducing the e-version of textbook.

Reference:

http://www.good.is/posts/why-are-college-textbooks-so-expensive

http://www.bookstore.mcmaster.ca/textbooks/cost.html

http://www.theatlantic.com/business/archive/2013/01/why-are-college-textbooks-so-absurdly-expensive/266801/

2 thoughts on “[Overview] Are Textbooks so Expensive?

  1. Text books are so important which is not fair to every student who really has passion to learn and being hesitated buying the text books because it’s so expensive and we can’t make comment on the text books that school give us because it’s for public use, this is so ridiculous and as well as the price of the excises books.

    • thanks for leave a comment for us:) since our goal is try to solve this problem, do you think you will prefer to use e-textbooks instead of printed textbooks? although you may still need to pay for them, the price will be much cheaper…

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