Thomas Jefferson said that “books constitute capital.” Well, the thousands of students who will soon head off to college campuses across the country know all too well that it takes quite a bit of capital these days to buy textbooks.
A Government Accountability Office report found that in the past two decades, college textbook prices have increased at twice the rate of inflation. In academic year 2003-04, students and their families spent more than $6 billion on new and used textbooks.
According to the GAO, the average estimated cost of books and supplies for a first-time, full-time student in 2003-04 was $898 at four-year public institutions. That amounted to about 26 percent of the cost of tuition and fees.
At two-year public institutions, where low-income students are more likely to pursue a degree program and tuition and fees are lower, the average estimated cost of books and supplies was $886, almost three-quarters of the cost of tuition and fees, the report said.
It’s not unusual for one textbook to cost more than $100.
The state Public Interest Research Groups (PIRGs) criticized the rising cost of textbooks in a report called “Rip-Off 101: How the Publishing Industry’s Practices Needlessly Drive Up Textbook Costs.” The nonprofit advocacy groups found that, on average, the most widely purchased college textbooks have new editions every three years. A new edition usually costs 45 percent more than a used copy of the previous edition.
The reports by the PIRGs and the GAO concluded that many factors affect textbook pricing, including the addition of features such as CD-ROMs and workbooks.
Publishers say the additional book features are what professors want.
Many state legislatures are either considering some type of legislation or have already passed laws to address this rising-cost issue.
In Connecticut, publishers are required to provide pricing data to faculty before the professors put in an order.
The idea is to make educators more aware of the cost to students.
While various organizations and campaigns such as MakeTextbooksAffordable.com work on the policy front to lower the cost of textbooks, there are some things students can do now to reduce the capital they spend.
For instance, the California Public Interest Research Group recommends buying online at such sites as www.campusbookswap.com, which allows students to buy and sell used books directly from each other.
Try these sites as well: www.textbookx.com, www.half.com and www.bigwords.com. But when buying online, don’t forget to consider shipping expenses.
Before you buy your book, double-check that you have the correct 10-digit International Standard Book Number, or ISBN. Look for it above the bar code on the textbook’s back cover or title page.
There may be a way to use an old edition of a textbook. However, it’ll take some work.
First, check with the professor to see if the new edition of the textbook he or she is using for the course has substantial changes. If there aren’t many changes then look online (or ask the faculty member) for an old syllabus.
Why? Because a new edition of the textbook often means new page numbers and that in turn means the professor has to create a new syllabus. But if you can get your hands on an old syllabus with the old page numbers, you may be able to get away with using a previous edition of the book and save some money.
Used textbooks are typically priced at 75 percent of the retail price of the new book.
Also think international, says Steve Loyola, president and founder of Best Book Buys, an online price comparison-shopping site for college students.
“Often the publisher makes an international version that is identical to the U.S counterpart except it might be a paperback instead of a hardback and the content is supposed to be the same,” Loyola said.
Buying international versions of textbooks could save in some cases up to 90 percent off the U.S. retail price. To find international textbooks you can go to www.bestbookbuys.com or www.amazon.co.uk.
Contact Michelle Singletary at The Washington Post, 1150 15th St. N.W., Washington, DC 20071 or singletarym@washpost.com.
