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This blog is dedicated to the topics of Course materials, Innovation, and Technology in Education. it is intended as an information source for the college store industry, or anyone interested in how course materials are changing. Suggestions for discussion topics or news stories are welcome.

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Friday, June 22, 2018

Campus Store Weights In on Rental Debate

In an opinion piece earlier this month in Inside Higher Ed, a University of North Dakota professor claimed that rental textbooks limited student access to course materials and stifled critical thinking and conversation. Jason Katzman, CCR, assistant director for academic resource support, CU Book Store, University of Colorado Boulder, says he understands the prof’s points but argues rentals are a symptom rather than a cause.

Twenty years ago, a student bought a book, sold it back at the end of the semester, and maybe received something close to half (although probably not) of what they had paid if the book was being used again the next semester,” Katzman wrote in his Inside Higher Ed rebuttal. “Of course, professors complained then that the buyback process devalued the educational experience by encouraging students to part with important materials they might need for another class or later in life as a reference. Then, along came the Internet and Amazon, and the model that traditional collegiate textbook retailers had been using for years was upended. For many stores, renting textbooks is a way to compete while remaining financially viable.”

Market forces determine where students decide to get their course materials. Selling a textbook for $400 has become unthinkable, so rental has become a way for bookstores to remain relevant and viable. The current trend of providing students low-cost digital course materials as part of tuition or course fees is another solution that helps publishers and bookstores stay in business while driving prices down for students.

“If the higher-education community wants to spend large amounts of energy working on the high cost of course materials, they should. It’s important,” Katzman wrote. “However, we’re being shortsighted. In addition to course materials delivery, another model that’s broken is higher education itself. What happens when Amazon or somebody else finds a way to offer a bachelor’s degree for 75% of its current cost?”