
Having witnessed the occasional board discussions on textbook prices, I have come to understand that the finger of blame should not be directed only at publishers. A part of the problem concerns high mark-up at college bookstores. (As I understand it, some of those profits go to Student Government. Please do correct me if I am wrong.)
In this morning’s OC Register, Assemblyman Jose Solorio proclaims a legislative victory in the war on high textbook prices:
As a former student-body president at UC Irvine, I know firsthand that high textbook prices are a huge issue for college students. I am pleased to announce that sunshine and relief are on the way. ¶ On Oct. 13, Gov. Arnold Schwarzenegger signed a bill I authored, Assembly Bill1548, which would ultimately curb the dramatic increases in the prices of college textbooks by placing additional transparency and disclosure requirements on all parties involved in creating the high prices – publishers, colleges, faculty and bookstores. ¶ …California college students spend an average of nearly $1,000 per year on textbooks. According to a 2005 report by the General Accounting Office (GAO), college textbook prices have increased by 186% between 1986 and 2004 – nearly triple the rate of inflation over the same period. ¶ The cost of textbooks in many cases now outweighs the cost of college fees, especially if you go to a community college. ¶ …While doing research on the price of textbooks, I was shocked by much of the information uncovered. Perhaps the most noteworthy finding was the mark-up of books at college bookstores. According to the National Association of College Stores, new books are marked up an average of 33% and used books are marked up 50 percent to 100 percent. This cost is on top of the high cost that publishers charge for their books. ¶ AB1548 … requires publishers to print on or inside the book a list of substantive changes made to the current edition of the book from previous editions. Additionally, they are required to provide faculty, upon request, a list of textbooks' wholesale prices, copyright dates of previous editions, and list of substantive changes from prior editions. ¶ …Textbook adopters are … prohibited from demanding or receiving anything of value for adopting specific textbooks. ¶ College bookstores are required to post in their stores or on their Websites a disclosure of their new and used textbook retail pricing policy….An important part of the debate over textbook prices concerns publishers’ practice of “bundling” questionable supplements, such as CD-ROMs, into textbook packages.
See also:
High textbook prices spark debate as students seek out alternatives