A Report on the Feasibility of Textbook Rental - IBHE

More documents

Recommendations

Info

Discounted critical legal studies anthologies are not sacrificed as loss leaders in the hope ofgetting students in the door to purchase more lucrative inorganic chemistry textbooks. As theNational Association of College Stores (NACS) puts it “[u]nlike a traditional retail situation,college bookstores do not decide which textbooks and supplemental materials to stock and sell,rather faculty decide what will be ordered and sold” (National Association of College Storesresponse to draft report 2006). Bookstores are not powerless, however, as they determine theretail price for the books they offer for sale.Textbook CostsAccording to the U.S. Government Accountability Office (GAO), textbook costs, onaverage, increased 6 percent annually between academic years 1987 and 2004. (GAO 2005). Thefollowing chart provides a historical overview of the average annual percent increase in the costof college textbooks.CPI AVERAGE ANNUAL PERCENTAGE INCREASE - COLLEGE TEXTBOOKS2003 - 20042002 - 20032001 - 20022000 - 2001Academic Year (September - August)1999 - 20001998 - 19991997 - 19981996 - 19971995 - 19961994 - 19951993 - 19941992 - 19931991 - 19921990 - 19911989 - 19901988 - 19891987 - 19880 1 2 3 4 5 6 7 8 9 10Percent IncreaseCPI Average Annual Percentage Increase“College textbooks include any book, which, according to the outlet, has been designated by the college,department, or professor, as a required text for a course offered by the college during the academic period.Only new books are priced. Used books are included in the item category’s weight, but are excluded frompricing to avoid the difficulty finding comparable items over time” (U.S. Department of Labor, Bureau ofLabor Statistics).Source: Government Accountability Office 2005The chart on the following page compares annual changes in the Consumer Price Index(CPI) to annual changes in college textbook prices and tuition and fees. Since 1984, collegetextbook costs and tuition and fees have outpaced overall prices; however, the annual average-14-
increase in tuition and fees (7 percent) has outpaced increases in both college textbook costs (6percent) and overall prices (3 percent).CONSUMER PRICE INDEX AVERAGE ANNUAL PERCENTAGE GROWTH1412Annual Percentage Growth10864College TextbooksTuition and FeesOverall Prices201987 - 19881988 - 19891989 - 19901990 - 19911991 - 19921992 - 19931993 - 19941994 - 19951995 - 19961996 - 19971997 - 19981998 - 19991999 - 20002000 - 20012001 - 20022002 - 20032003 - 20042004 - 2005Academic Year (September - August)Source: Source: Government Accountability Office 2005PricingAccording to the Association of American Publishers and the National Association ofCollege Stores, various factors impact new textbook pricing, including:• customization;• integration of materials, such as online tutors and online tests;• investment, such as intellectual costs;• marketing, such as sample copies for faculty members;• options, such as black and white or two-color paperback;• online books and resources;• production costs;• subject; and• teaching packages.When selecting textbooks, faculty members generally have multiple options for onetextbook. According to the Association of American Publishers, “learning material choicesoffered for a single course by a single publisher may include, for example, a textbook in 10 ormore formats, each at a different price, 10 or 20 optional student supplements, and dozens ofoptional instructional and management tools for faculty” (Association of American Publishersresponse to IBHE letter 2006).-15-
Page 1 and 2: A Report on the Fe
Page 3 and 4: EXECUTIVE SUMMARY .................
Page 5 and 6: Estimated Textbook Rental Cost Per
Page 7 and 8: EXECUTIVE SUMMARYGrowing apprehensi
Page 9 and 10: • Faculty members, administrators
Page 11 and 12: ConclusionTextbook rental programs
Page 13: INTRODUCTIONAcross the nation, the
Page 17 and 18: Source: Government Accountability O
Page 19 and 20: The IBHE’s 2006 survey found that
Page 21 and 22: ookstores, 17 percent to friends/re
Page 23 and 24: 1. provide the option of purchasing
Page 25 and 26: Student fees are collected:• as p
Page 27 and 28: CURRENT ILLINOIS TEXTBOOK RENTAL PR
Page 29 and 30: MethodologyCOSTS AND FEASIBILITY OF
Page 31 and 32: Submitted cost data are presented b
Page 33 and 34: PUBLIC UNIVERSITIES - TEXTBOOK RENT
Page 35 and 36: Under a textbook rental program, ea
Page 37 and 38: FundingSR 692 directs the IBHE and
Page 39 and 40: have a separate series so that if a
Page 41 and 42: Impact on Tax Revenue.Property Tax.
Page 43 and 44: Textbook Selection. While acknowled
Page 45 and 46: According to the Student Monitor, i
Page 47 and 48: of the exact custom book. This alte
Page 49 and 50: Current Status of Voluntary Faculty
Page 51 and 52: APPENDICES-51-
Page 53 and 54: 09400SR0692 Enrolled - 2 - LRB094 2
Page 55 and 56: APPENDIX BTextbook Study Timeline -
Page 57 and 58: Funding:1. Please provide an itemiz
Page 59 and 60: Textbook Survey - Third Party Books
Page 61 and 62: Estimated Annual Cost - Community C
Page 63 and 64: Estimated Annual Costs - Public Uni
Page 65 and 66:
Estimated Textbook Rental Cost Per
Page 67 and 68:
Kentucky. House Resolution 9 would
Page 69 and 70:
Washington. House Bill 3034 would p
Page 71 and 72:
materials to bookstores at wholesal
Page 73 and 74:
ook wholesalers, stands this issue
Page 75 and 76:
items sold in a package and 2) facu
Page 77 and 78:
different printed text, an e-book o
Page 79 and 80:
• Page 20, #5 - Education of stud
Page 81 and 82:
-81-
Page 83 and 84:
-83-
Page 85 and 86:
-85-
Page 87 and 88:
-87-
Page 89 and 90:
-89-
Page 91 and 92:
-91-
Page 93 and 94:
-93-
Page 95 and 96:
-95-
Page 97 and 98:
-97-
Page 99 and 100:
-99-
Page 101 and 102:
-101-
Page 103 and 104:
Attn: Nicole Krneta Rogers-103-
Page 105 and 106:
Spring 2007: ISBN 0-618-75386-9 Rai
Page 107 and 108:
-107-
Page 109 and 110:
universities and the largest univer
Page 111 and 112:
separately and be stuck with any co
Page 113 and 114:
From: Wilcockson, Mark [mailto:M-Wi
Page 115 and 116:
supports informed decision making.
Page 117 and 118:
-117-
Page 119 and 120:
From: Brad O'Brien [mailto:bobrien@
Page 121 and 122:
more used books benefits both the b
Page 123 and 124:
From: Devi Prasad V.Potluri [mailto
Page 125 and 126:
Comments submitted on IBHE website:
Page 127 and 128:
REFERENCE LISTAssociation of Americ
show all

A Report on the Feasibility of Textbook Rental - IBHE

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?