Here's Exactly Why College Textbooks Are So Expensive - ATTN.
If you’re wondering why textbooks have become so expensive over the past few years, one of the biggest reasons is due to the structure in the marketplace. There are five major publishing companies that take up the majority of the educational textbook industry’s market share, including Cengage Learning, Houghton Mifflin Harcourt, McGraw-Hill Education, Pearson Education, and Scholastic.
Ironically the real reason NEW textbooks are so expensive is that so many people buy and sell books USED books for less money. It's a vicious cycle that results in the publishers cranking up the prices for new books, because they make less and less money on each book now since so many students sell them back (and then the bookstore resells them used).
But first it’s important to understand why textbooks are so expensive in the first place, and then discover how to get around the problem. There is no other book market like it, and it is its very structure that makes college texts so expensive. Twenty years ago, publishers of textbooks generally estimated that the useful life of a textbook was about five years. Different publishers had.
A Study on the Expensive Price of College Textbooks In this expository essay, a student discusses the costliness of college textbooks. The student explains why publishers feel the need to charge such high fees for their textbooks and how the system is set up in such a way that all parties involved, writers, publishers, and students, end up on the losing end. PAGES 2. WORDS 517. STAFF PICK.
College textbooks are very expensive so finding them online can save you a ton of money. The website I used to buy and sell my textbooks when I was in school is half.com.
Why are economics textbooks so expensive? Geoff Riley 29th November 2018. Print page. Share: Share on Facebook Share on Twitter Share on Linkedin Share on Google Share by email. A short video exploring some of the reasons for rapid inflation in the price of college textbooks in the United States - but an issue with wider appeal to students here! The textbook industry is an oligopoly - almost.
Textbooks not available. At present many text books that are in use at schools are not available in a digital format .This software facility is growing but at present has a long way to go to match the availability of text books. Considering the above points discussed it seems that most schools are not ready to do away with textbooks just yet.