You thought the rising cost of college tuition was bad
Then check out the rising cost of college textbooks. The American Enterprise
Institute’s Mark Perry has put together a detailed chart showing the notorious,
812 percent rise in the cost of course materials since 1978, as captured in the
Bureau of Labor Statistics’ consumer price index data. The price of all those
Introduction to Sociology and Calculus books have shot up faster than
health-care, home prices, and, of course, inflation. Academic
publishers will tell you that creating modern textbooks is an expensive,
labor-intensive process that demands charging high prices. But as Kevin Carey
noted in a recent article, the industry also shares some of the dysfunctions
that help drive up the cost of healthcare spending. Just as doctors prescribe
prescription drugs they will never have to pay for, college professors often
assign titles with little consideration of cost. Students, like patients worried
about their health, don’t have much choice to pay up, lest they risk their
grades. Meanwhile, Carey illustrates how publishers have done just about
everything within their power to step up their profits, from bundling textbooks
with software that forces students to buy new editions instead of cheaper used
copies, to suing a low-cost textbook start-ups over ill-conceived and inadequate
copyright claims. And that has consequences for students.
According to the National Association of College Stores (NACS), the average
college student reports paying about $655 for textbooks and supplies annually,
down a bit from $702 four years ago. The NACS credits that fall to its efforts
to promote used books along with programs that let students rent rather than buy
their texts. But to put that $655 in perspective, consider this: after aid, the
average college student spends about $2,900 on their annual tuition, according
to the College Board. We’re not talking about just another drop in the bucket
here. AEI’s Perry writes that he’s confident open educational
resources, made available via the web, will eventually make traditional
textbooks obsolete, just as Wikipedia killed off the encyclopedia. The
difference is that nobody I know ever had a college professor who said, "If you
don’t read the encyclopedia, you’ll likely fail this class." If we ever want to
bring the cost of these books under control, the faculty need to become
responsive to the problem. This passage is focused on ______.
A. whether college students should buy textbooks
B. why college textbooks are so absurdly expensive
C. what textbooks are more profitable for publishers
D. which textbooks are economical for students