Worried about rising education costs as you college student heads
back to campus? If so, you're not alone. Many families and students
are struggling to afford pricey textbooks, although there are bargains
to be had if you know where to look. For financially strapped families,
those bargains could mean the difference between a student staying
in school and dropping out (SmartMoney.com Aug. 4).
On average, students spend $900 a year on textbooks—almost
20% of in-state tuition and fees at a four-year public university,
according to a February 2007 report from the U.S. Public Interest
Research Group (PIRG). A single science book could cost $200 or
more.
To add to the high prices, publishers continually roll out new
editions of textbooks—typically 12% more expensive than the
previous edition—even though 71% of professors in the U.S.
PIRG study said these editions are only "sometimes" or "rarely"
justified.
Some federal help may be on the way.
Although not yet signed into law, Congress recently passed a modified
version of the Higher Education Opportunity Act that includes a
section addressing textbook prices and policies. Among other provisions,
the act demands that publishers provide college faculty with accurate
textbook pricing information as well as offer unbundled packages
so students aren't forced to purchase workbooks and other materials
they don't need.
Even with the government's help, high textbook prices still can
involve a big chunk of change. Do this first: Obtain a list of required
course textbook titles from your university bookstore (you can search
its website) or ask your individual professors. Then, use these
resources to shop smart and avoid overpaying:
