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Summary critique the high cost of college textbooks
Rising cost of college textbooks
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Why Textbooks Are So Expensive and How to Make Them Cheaper
In recent years; much attention has focused on the rising costs of going to college. Nowadays, most college students' struggle with college fees in some way. It is hard enough for them to find the money to pay for their tuition fees, but on top of that they also have to find a way to pay for their course-required textbooks. Many do not realize how big of a problem the rising of textbook prices is, so in this paper will find out why textbooks are becoming more expensive, how significant this problem is, and how to fix it.
Opinion surveys consistently find that how much one has to pay for a college education is a serious national issue. The book “Smart Saving for College– Better Buy
This article, “Why Are Textbooks So Expensive?” by Henry Roediger reveals the truth of why textbooks are so pricey. He shows how textbooks prices are costly not because of inflation, corporate textbook companies, and frequent revisions, but because of the sale of used textbooks. The article is elaborating on why used textbooks are the real culprit as well. One main point that is highlighted is that used textbooks are resold for many years. The initial selling of the textbook is the only time the author will make a profit, but the bookstore will make a profit every time they resell a used book. It is essential for the author to raise the price to compensate for the loss of money when dealing with used textbooks.
Lankford, Ronald D. "Chapters 2 and 3." The Rising Cost of College. Detroit: Greenhaven, 2009. N. pag. Print.
Community colleges and vocational tracks are not wrong about the high cost of traditional higher education. According to the U.S. Department of Education’s National Center for Education Statistics, one year at a public, four-year institution costs upwards of $23,000 on average, while private institutions will cost nearly $10,000 more on average. Coupled with the fact that prices at public institutions rose 42 percent and private institutions rose 31 percent between 2001 and 2011, it’s not a shock that parents and students alike worry about paying for college. However, this won’t always be the case, as this rise in prices simply cannot continue the way it has. Eventually, people will be unable to pay the price that colleges charge. They will either settle for com...
Everyone knows that going to college and getting a degree is the most effective and guaranteed route to ensure a prosperous financial future, right? College is considered by most to be the best investment you can make in life, but what happens when that investment leaves you drowning in thousands of dollars in debt right after graduation day. This is the situation that millions of college graduates are faced with in 2016. Rising college tuition perpetuates student debt and is on a sharp incline and it seems to have no ambition of ever slowing down. The effect of this catastrophe is felt by millions of families across the country who now question, “is college really worth it?”
College is one of the most fundamental institutions in our modern world. It is a place where most of our future politicians, doctors, scientists, and leaders are made. Though, it seems that the price tag that comes with a college education is something that is too hefty for some students. Countless debates go on about whether the price of college should be abolished or whether the cost still is on the students to pay for.
The skyrocketing price of college tuition is causing a tremendous concern over whether higher education will be a viable financial concept to the average citizen over the next decades. Some families have opted to explore different means of obtaining a higher education for their children as these costs escalate. There is overwhelming evidence that colleges need to restructure the way they are run because tuition prices are increasing at a rapid rate causing changes in the way students fund their education and in the way the government provides educational subsidies.
Ask any college student to state one of their largest expenses and it would be safe to bet the response would be “Textbook prices!” The cost of purchasing required materials for courses has reached numbers high enough to cause many students to take out second loans. Information released this year by the American Enterprise Institute shows that “College textbook prices have increased faster than tuition, health care costs and housing prices, all of which have risen faster than inflation” (Kingkade, 2013). This information equates to an 812% increase in the cost of college textbooks over what they were just over thirty years ago (Kingkade, 2013). The figure here shows an unusually large increase that has far outpaced that of average inflation.
In all colleges in the United States, students are required to pay for their classes’ tuition either by themselves, their parents, guardians or a scholarship that they may have. The average tuition fee for an individu...
From conducting this survey, I learned that many students,whether they attend a public or a private school are unsatisfied with the rising tuition prices. The findings support my hypothesis. The next step in this research would to ask more college students about their thoughts and opinions about rising tuition prices. I would ask more students from different types of college and students taking on different types of degree. An implication this research could have for other research is that rising tuition prices are hurting students financially.
There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. To make it worse, having a college degree is no longer an option, but a requirement in today’s society. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between 2003-04 and 2013-14 than they did during either of the two preceding decades (Collegeboard.com). Students are pressured to continue into higher education, but yet, the increasing costs of books and tuition make us think twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts.
According to the Bureau of Labor Statistics, college tuition and relevant fees have increased by 893 percent (“College costs and the CPI”). 893 percent is a very daunting percentage considering that it has surpassed the rise in the costs of Medicare, food, and housing. As America is trying to pull out of a recession, many students are looking for higher education so they can attain a gratified job. However, their vision is being stained by the dreadful rise in college costs. College tuition is rising beyond inflation. Such an immense rise in tuition has many serious implications for students; for example, fewer students are attending private colleges, fewer students are staying enrolled in college, and fewer students are working in the fields in which they majored in.
The rising cost of textbook prices are one of the main issues every college student deals with.
With the rapid growth of college tuition, it has become an important issue in higher education. College Tuition is simply defined as the charge or fee for instruction, at a private school or a college or a university. Most people agree today that college tuition is too high or that it needs to be completely dismissed. There are some however, that may disagree with the claim about college tuition and state that college tuition is necessary for college growth, and it’s primary purpose is to pay for college expenses to support the institution financially. Research shows that college tuition is too high and that debt has become a standard in America after attending post-secondary school.
In conclusion, America provides many ways to help reduce the cost of college textbooks but society is still not satisfied with the outcome. The Open Textbook, Affordable Textbook Act, and book store rentals are wonderful programs, but has its disadvantages that hopefully would be resolved in the 2016 presidential elections. The statistics show that many students across the nation benefit from learning with quality of teaching, the amount of accessibility it provides without having to worry about paying off student loans. School administrations should consider about transferring to an act that would benefit both the school and the students, but also provide more equality to the publishers and students.
For countless years, the cost to go to college has risen drastically and this has led to an accumulation of more than a trillion dollars in student loan debt for students after they graduate. Seventy percent of students who graduate