Make Textbooks Affordable

Everyone knows that textbooks costs are out of control. The average student spends $900 per year, and prices are rising four times the rate of inflation!

It’s no accident that textbooks are so expensive.  Publishing companies have been raking in huge profits while engaging in bad practices that drive up costs: issuing new editions that make used books hard to find, bundling textbooks with unnecessary CDs and pass-codes, and more.  They get away with it because students don’t have a choice -- we’ve got to buy the book they’re selling, even if the price is outrageous.

The good news is that we have all of the technology we need to make textbooks affordable. Already, there are rental programs at more than 1,500 colleges, hundreds of sites selling used books and more ways to save than ever before. There's also new solutions like open-source textbooks, which could literally revolutionize how much students pay for their books.

We're fighting to rein in costs by promoting cost-saving solutions on campus, while also tackling publishers' stranglehold on the market to change prices for good.  We're educating students, faculty and bookstores, and raising awareness through researchand the media. We're also calling on publishers, colleges and foundations to support the creation of more open-source textbooks that could save students millions each year.

Issue updates

Groups target textbook prices to rein in college costs

A push to create free or inexpensive textbooks is gaining momentum as educators, philanthropists and policymakers nationwide search for new ways to rein in college costs.

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Blog Post | Higher Ed

Low Loan Interest Rates, More Work-Study Pushed by Obama | Rich Williams

In the annual State of the Union Address, President Obama proposed measures to bring relief to almost 8 million students who will see their student loan interest rates double on new loans starting July 1st, 2012.

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News Release | Higher Ed

College Students ‘Subprimed’

Many of today’s college students face unnecessary financial risks by relying on unregulated private student loans to pay for college, with some students paying up to 18 percent interest.

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News Release | Higher Ed

New Consumer Finance Chief Can Lower Student Debt

Washington, D.C. – Today, President Obama is taking a bold step to protect student consumers from financial tricks and traps by announcing a recess appointment of his well-qualified nominee, Richard Cordray, to head the new Consumer Financial Protection Bureau. The CFPB can improve private student loans as well as credit cards and debit cards issued on campus.

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Report | Higher Ed

Obama’s Budget: Supporting Students, not Banks

A report by the USPIRG Higher Education Project estimates the impact of transferring $5 billion in student lender bank subsidies to Pell Grant recipients in each state.

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