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WASHINGTON — 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 last 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 per first-time full-time student was $886,
representing almost three-quarters of the cost of
tuition and fees, according to the GAO
report.
That, folks, is not chump change when you
consider so many students are already heavily borrowing
to attend college. It's not unusual for one textbook to
cost more than $100.
The state Public Interest
Research Groups 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 textbooks on college
campuses have new editions published 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 "bundled''
features such as CD-ROMs and workbooks shrink-wrapped
together.
Publishers say the additional book
features are what professors want.
To help
students combat the rising price of textbooks, many
state legislatures are either considering some type of
legislation or have already passed laws to address this
issue.
In Connecticut, for example, publishers
are now required to provide pricing information to
faculty before the professors put in an order. The idea
is to make educators more aware of what the final cost
will be to students.
Silly me, I would have
thought faculty would pay close attention to what
students have to pay for their books.
Anyway,
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 http://www.campusbookswap.com/, which
allows students to buy and sell used books directly from
each other. The site is free but registration is
required. Try these sites as well: http://www.textbookx.com/, http://www.half.com/ and http://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. If you
are checking your class syllabus online, it should
contain the ISBN along with the book title, author and
edition.
If you're really bold and struggling
financially, 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, CALPIRG recommends. 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. Prices on used books range from $10 to
$80, with the average price being about $40, according
to the National Association of College
Stores.
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 http://www.bestbookbuys.com/ or http://www.amazon.co.uk/.
Most
important before heading back to school, find out what
books you have to buy, Loyola suggests.
Many
college bookstores post the required textbooks online
for each course.
You need to shop early so you'll
have a chance to buy used books, which often sell out
fast once classes start.
When it comes to
shopping for college books, this is a textbook case
(ahem) of the early bird getting the bargain (sorry, I
couldn't resist the cliches).
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