Fixing the Broken Textbook Market
Despite publishers’ talking points that access codes and other digital materials have answered student’s cries for help over costs, there has been little measurable improvement in key textbook affordability measures over the last six years. The broken textbook market continues to fail to meet student needs, and leaders at institutions of higher education should take further action to aid students.
The high price of college textbooks remains one of the most significant out of pocket expenses for students. The cost of textbooks has increased at three times the rate of inflation, and although that trend seems to have plateaued in the past few years, the high barrier of overall cost remains. The move from traditional print copies to temporary digital materials has eliminated many of the traditional cost saving measures students have historically employed. When students are forced to pay for an access code, which is an expiring login to a publisher platform that a student would use to submit their homework, the stakes are higher than ever.