MONEY College

How to Save up to 70% on College Textbooks

Carrying textbooks
Image Source—Alamy

While the cost of class materials is going up, students are spending less on average. Here's how they're cutting their costs—and how you can, too.

Ask Sandra Kerley how important it is that she’s able to get textbooks for free, and she’ll you that this seemingly minor benefit is “life changing.”

“It helps us pay the electricity bill; it helps us put food on the table for the kids; it helps us buy other supplies for class,” says the 35-year-old Kerley, a third-year business administration student at Tidewater Community College in Virginia. Her school’s “Z Degree” program relies solely on free, open-source textbooks to eliminate a substantial part of what’s driving up the cost of college: the often prohibitive expense of class materials.

The price of new printed textbooks continues to rise—up more than 7% last year alone, according to the Bureau of Labor Statistics, and 82% between 2002 and 2012, as calculated by the Government Accountability Office.

Even as these costs soar, however, the average student is actually spending a bit less now than in the past. Between the 2011-12 and 2013-14 school years, the U.S. Department of Education reports, the average amount students spent on books and supplies declined by 2% at public, four-year universities and colleges and a little less than 1% at private non-profit institutions. The average outlay is now around $1,200 for students at both types of schools.

Here are three reasons why students’ outlays have come down—and how you can make sure yours do, too:

1. A burgeoning rental market. More and more students are renting their course materials instead of buying them, which can save hundreds of dollars over the course of an education. In 2009, roughly 300 colleges and universities had rental programs. Today, more than 3,000 do, according to the U.S. Public Interest Research Group.

That has pushed down prices throughout the rest of the market, says Richard Hershman, v.p. for government relations at the National Association of College Stores: “Textbook rental programs … [have] created a lot of residual competition and forced publishers to sell digital products at better prices.”

Your move: Investigate renting. A new copy of the 10th edition of Campbell Biology lists for $230, but a paper copy can be rented from Chegg.com for $67 (with a December 19 return) or $110 for an e-book (with a 180-day subscription). This option doesn’t make sense for a book you’ll need to refer back to later. Nor does it make sense if you’re tough on books or are likely to miss the due date—you could end up having to pay the list price minus any rental fees. In those cases, buying an ebook rather than renting it ($160 from Amazon for Kindle) or getting the book used ($179 on Amazon) may be a better option.

2. More advance warning. The 2008 reauthorization of the Higher Education Opportunity Act required publishers to disclose their prices to faculty or whoever is in charge of selecting course materials. Universities and colleges, in turn, have to list that information on their online course schedules so that students can start shopping around early.

Your move: Start comparison shopping as soon as the list is released, since you won’t have time to be as price sensitive if you begin the day before class starts. Check out all the different ways you can get your hands on the book. The electronic edition could be cheaper than the rental or vice versa. Buying it online could cost less than shopping at the campus bookstore, or vice versa. Keep in mind that stores sell out of used stock quickly, so you’ve got to get there early to get the pre-owned copy.

3. The open-source revolution. Groups like PIRG are advocating for more open-source textbooks, which would be free to students online and relatively cheap to download.

Tidewater isn’t the only school that has started to integrate these materials into their courses. The University System of Maryland ran a pilot program last spring at the behest of its student council. Eleven faculty members from seven institutions across Maryland participated. Roughly 1,100 students saved a total of around $130,000 in just one semester.

“Faculty are open to this, and they are eager to do what they can to cut costs for students, but they have to balance that against quality of the materials,” says M.J. Bishop, director of the Center for Academic Innovation. “That will be the biggest hurdle going forward.”

Your move: Lobbying faculty to move toward open-source texts is noble, but probably won’t realize savings this semester. Because there are those who believe all information should be free, you can find pirated copies of many texts online for free, but keep in mind that this is illegal. You can stay on the good side of the law by looking up books that have exceeded their copyright dates and are now in the public domain—most useful for literature courses—at sites like Project Gutenberg or Google Books.

4. Students opting out. The other reason for the decline in what students pay for textbooks is more troubling, says Nicole Allen, director of open education at the Scholarly Publishing and Academic Resources Coalition, an alliance of research libraries based in Washington, D.C. “There is a really alarming trend of a lot of students not buying their textbooks because the price is too high,” she says. “Overall student spending on textbooks may be down, but the question is how much of that is because students haven’t bought the books they were supposed to because they can’t afford them.”

That trend was confirmed by a report released last year by PIRG, which surveyed more than 2,000 students at 150 universities and found that roughly 65% had decided against buying a textbook at some point because it was too expensive.

Your move: Really can’t afford the book? Find a friend to share with: Either someone who took the same class last semester who still has their book or someone who’s in the class with you this term. You could also ask the professor if he or she has put a copy on reserve in the campus library, and if not, whether a previous edition of the book will suffice. You can save as much as 70% by purchasing even just one version prior. Campbell Biology 9th edition used, for example, will cost you only $69 used and $30 to rent on Chegg.com.

This story was produced by The Hechinger Report, a nonprofit, nonpartisan education-news outlet affiliated with Teachers College, Columbia University.

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MONEY College

$240,000 Isn’t Enough?! Why Liberal Arts Majors Are Paying Extra to Learn Job Skills

Employers want graduates who are better prepped for the work world, but colleges have been slow to respond.

Ben Wei was already paying hefty tuition to earn a sociology degree from Bowdoin College, which charged nearly $57,000 at the time. But he worried his classes weren’t teaching him skills he needed in the workplace. So he gave up the winter break of his senior year to take a three-week boot camp designed to teach him how to work a full-time job.

The $3,000 course, offered by a company called Fullbridge, covered problem-solving, collaboration and communication—the kinds of skills employers say they want but aren’t getting from college grads.

“You can sit in a room and learn economic theory from a professor or a textbook, but at the end of the day, it’s still just theory,” said Wei, who now works as a data analyst. “They don’t really teach you how to apply that theory.”

More and more programs like Fullbridge are being started up to help students master career skills before starting their first jobs, and most cost students thousands of dollars on top of the already high price of their higher educations.

That, for some critics, raises the question: Why aren’t students learning these skills in college?

Colleges often don’t emphasize job training

“These institutions are notoriously hard to change,” said Steve Farkas, a senior researcher at the nonpartisan organization Public Agenda who authored a study of business leaders’ attitudes toward higher education. “They’re not responsive to real-world concerns, and they are very protective of the standard operating procedures.”

A few schools have started offering programs to fill the gap. Northeastern, Mount Holyoke and the University of Central Florida are among the schools that have so-called “experiential learning” options under which students get to work with employers in their chosen fields before graduation.

But these programs are still more the exception than the rule, said Farkas.

Matt Tower, a student at Amherst College who spent his winter break 93 miles away at a Fullbridge seminar, said the experience was unlike anything he could have gotten on campus—even though Amherst has an economics program and some business-oriented clubs.

“We’re very strictly a liberal arts college,” Tower said. “There are very few options at Amherst if you want to prepare for a career in business.”

Ursula Olender, director of the Amherst career center, said the school is in the process of setting up a program like Fullbridge’s on campus to help its students develop “the hard and soft skills that are not offered in great depth in a traditional liberal arts setting.” The price has not been determined, but “no qualified Amherst student who cannot pay will be denied the opportunity to participate,” she said.

Bowdoin spokesman Doug Cook said that college does offer students other chances “to deepen their understanding of issues surrounding business and personal finance.” The school’s president himself, Barry Mills, headlined a series of lectures called “A Crash Course on Practical Skills,” which also featured instructors from Fullbridge, and Bowdoin also offers a leadership development program and forums organized by its Finance Society and Women in Business club.

While schools such as these are working to shift some emphasis toward the practical, advocates for the liberal arts say focusing too narrowly on business skills produces students who can make presentations and read spreadsheets but can’t think broadly enough to know why the information they’re working with is important, or how to use it.

“What we don’t want are universities to think they should become centers for vocational activities,” said William “Brit” Kirwan, outgoing chancellor of the University System of Maryland. “If you just train people to take their first job, they won’t have the knowledge and skills and adaptability that they’ll need later on in their career.”

Employers are demanding more skilled grads

On the other side of the coin, employers seem to be unimpressed with the job colleges are doing to prepare their graduates. Nearly 90% of 500 executives surveyed said college graduates lack the most important skills they need to succeed, according to a Northeastern University report released in April.

“There is a communication breakdown between colleges and employers,” said Brian Rosenberg, president of Macalester College, a small liberal arts school in St. Paul, Minnesota. “Colleges and universities haven’t done enough listening to what employers need, and employers need to talk more about their requirements.”

To meet the demands of a globalized economy, universities and colleges have to give students hands-on business experience so they can learn to apply their academic skills, said Jason Tyszko, senior director of education and workforce policy at the U.S. Chamber of Commerce Foundation.

“Soft skills are missing across the board, regardless of what industry you look at,” Tyszko said. “We need to make sure that the rigorous standards of the higher education system are better aligned with the needs of businesses.”

Outside companies step in to fill the gap

Colleges’ slow response to the demands of employers has provided an opening for companies like Fullbridge, which holds workshops in cities including New York and San Francisco at a cost of up to $8,500 per student. Some schools, including Bowdoin, invite Fullbridge onto their campuses and help foot the bill for them.

Fullbridge is hardly the only—or even most expensive—organization that seeks to fill the gap between what colleges are teaching and what employers say they need. The Tuck School of Business at Dartmouth offers a similar month-long program in the summers for $10,000, and is expanding it to December. Harvard Business School just started a $1,500 online course to teach undergraduates elsewhere “the fundamentals of business thinking.”

Thirteen universities, including Brown, Georgetown, and the University of Southern California, have teamed up with a Seattle-based startup called Koru, which gives students the opportunity to work on real-world problems for businesses such as REI while working under executive coaches. The price: $2,750, though the participating schools often subsidize the cost.

Additionally, a company called General Assembly has a 10-week course in business fundamentals and tactics for $3,900 that covers everything from financial modeling to team management and is touted as a condensed version of business school.

Internships are another way to learn some of these skills—for free or better yet, while being paid. But often those experiences are more about getting coffee than career development, said Dyanne Rousseau, a recruiting coordinator at Mount Holyoke. Plus, in some fields, internships have become extended job interviews, at the end of which most students walk away with post-grad job offers. Students now have to be prepared in advance to compete for those opportunities, she says.

So for now at least, students like Ben Wei may find themselves having to pay extra to help fill the gap between the theoretical education their liberal arts college provides and the vocational training their future employers will demand.

__________

This story was produced by The Hechinger Report, a nonprofit, nonpartisan education-news outlet based at Teachers College, Columbia University.

TIME Education

Student Loan Forms Are Still a Nightmare

The Free Application for Federal Student Aid (FAFSA) form is photographed in Frederick, Md., Jan. 26, 2014.
The Free Application for Federal Student Aid (FAFSA) form is photographed in Frederick, Md., Jan. 26, 2014. Jon Elswick—AP

Promised fixes to the all-important FAFSA have not materialized years later, leaving students to navigate a maze of paperwork. About 45% of high school seniors don’t complete the form, according to the Education Department

Massachusetts Sen. Elizabeth Warren went to Charlestown High School in Boston recently with one message for students gathered in the gymnasium to hear her speak. It was about getting ahead—but not simply by studying hard or avoiding trouble. If they planned to go to college, the senator was there to tell the students, it was essential that they fill out the Free Application for Federal Student Aid.

“Is the form complicated? Yes,” Warren said during the January visit. But, she said, “If you don’t fill out the form, how much money do you get? None.”

Minutes later, Warren witnessed for herself how hard that was. She paced from station to station in a community room at the school—88 percent of whose students are low-income, 94 percent nonwhite, and more than half non-native English-speaking—where a dozen seniors were huddled around their computer screens struggling with the lengthy form, which is required to qualify for a piece of $159 billion a year in federal, state, and institutional grants and loans for college.

“What’s the problem here?” she asked. “Are you a U.S. citizen? You need your Social Security number to fill out the FAFSA.” Another hand shot up. “I don’t know what the Selective Service is,” the student said. “Are you registered with the draft?” Warren responded. “That’s what that means.”

On her way out, Warren gave the kids a thumbs-up and told them to “hang in there.”

They’ll need to. In spite of at least eight years of promise after promise from politicians that they would make the FAFSA easier, the form remains a barrier to college for many students. The first significant reform took six years to finally make its way to students, who are seeing it for the first time now, as they face deadlines this spring to complete and submit the crucial questionnaire.

It’s unclear whether these changes will have an impact on the estimated 2.3 million students a year the National Association of Student Financial Aid Administrators says would qualify for aid but don’t fill out the FAFSA. About 45 percent of high school seniors don’t complete the form, according to the Education Department. The White House has announced a push to increase those numbers, not by making more improvements to the FAFSA, but by imploring students to finish it and recruiting mentors to help them.

“All you have to do to access that aid is fill out this one little form,” First Lady Michelle Obama told a group of high school students in Virginia. “It’s so simple.”

In fact, there are still 100 questions on the FAFSA’s six pages, many of which have several parts and ask for sensitive financial data beyond what’s required even on a tax return. Some are straightforward, but many are so convoluted they require their own separate sections of instructions.

Take, for example, Question 45, which has 10 parts. It requires that students list any “untaxed income not reported in items 45a through 45h, such as workers’ compensation, disability, etc. Also include the untaxed portions of health savings accounts from IRS Form 1040—line 25. Don’t include extended foster care benefits, student aid, earned income credit, additional child tax credit, welfare payments, untaxed Social Security benefits, Supplemental Security Income, Workforce Investment Act educational benefits, on-base military housing or a military housing allowance, combat pay, benefits from flexible spending arrangements (e.g. cafeteria plans), foreign income exclusion or credit for federal tax on special fuels.”

And that’s just Part I.

“Imagine you’re a 17-year-old from a disadvantaged socioeconomic background,” said Tom Allison, policy and research manager at Young Invincibles, an advocacy group that represents the interests of 18- to 34-year-olds. “You’re a first-generation college student. You don’t have a parent that’s familiar with this form, which is over 100 questions long and asks for a lot of financial and tax information. You’re setting this kid up to fail.”

Bills introduced in Congress have tried but failed to streamline this process, beginning with the “College Aid Made EZ Act” in 2008. In the waning days of the George W. Bush administration, White House officials urged Congress to cut the FAFSA down to two pages by using only adjusted gross income and the number of tax exemptions to determine aid eligibility. That didn’t happen either.

During the 2008 presidential campaign, both Barack Obama and John McCain advocated for simplifying the FAFSA, though Obama went a step further, proposing to eliminate the form altogether and replace it with a box on federal tax forms that families could check to indicate their interest in financial aid. Once he was in office, Obama’s Council of Economic Advisers recommended removing questions about savings and assets beyond what the Internal Revenue Service requires for taxes, saying the “entire financial aid process hinders postsecondary educational attainment for low-income students from the very start.” And five years later, when the Obama administration unveiled a push to help those students get college degrees, a key piece of the plan was to provide FAFSA completion assistance because the form is so difficult.

But change has been unremittingly slow.

The persistent complexity is partly because the financial-aid formula itself is so confusing, said Barmak Nassirian, director of federal relations and policy analysis at the American Association of State Colleges and Universities.

“With the FAFSA, it’s better to own your home,” for example, said Nassirian, who advocates simplifying the form. “Better than that is to own a farm, and better than that is to own a small business with fewer than 99 employees.”

There is again some hope that Congress, which determines the financial-aid eligibility formula, may this year whittle down the FAFSA with the scheduled reauthorization of the Higher Education Opportunity Act. In hearings, education experts have been pushing for a form that asks about just two things: family size and income. But there’s another complication that worries student advocates—even the ones who agree the FAFSA needs to be simplified. States and colleges use the form to determine their financial-aid awards, too. If the FAFSA is slimmed down, students could wind up having to fill out two or three forms instead of just one.

“It really is a double-edged sword,” said Kim Cook, executive director of the National College Access Network. “Potentially every state and every college could decide they need their own form. If we really want to solve this problem, everybody has to buy into a simplified federal form.”

FAFSA defenders argue that the recent improvements have made it easier. But there is still much room for improvement, according to a new report from the College Board.

In 2008, lawmakers permitted the Department of Education to let users simply link to their own tax information from the IRS on the form’s online version, rather than having to re-enter it from scratch. That change has just taken effect—six years later, thanks to the red tape involved in having the two federal agencies talk to each other.

The department also has incorporated something called skip logic, which lets students bypass questions that don’t apply to them. These reforms have cut the average completion time from two hours to about 23 minutes, according to department officials, though they made that estimate based on focus groups and not an actual accounting of how long people stay logged in online.

Cook is skeptical.

“Did the DOE split hairs here?” she asked. “You might be able to fill out the form in 23 minutes once you have all the information gathered, but that probably doesn’t include the prep time the FAFSA takes before you even sit down in front of your computer.”

This year’s changes have provided little help to Kristyn Hughes’s students, she says. Hughes is a guidance counselor at Charlestown High, many of whose students are in foster care and have to document the lack of parent involvement. Others have to convince skeptical guardians to share financial information they don’t want to give.

For others, the problem is with timing. The earlier you file, the better, meaning families have to finish their taxes well before the April 15 deadline that they’re due to the IRS.

“It puts a lot on kids who are unfamiliar with the process,” Hughes said, noting that these experiences aren’t unique to Charlestown. “They think, why bother, and it’s sad because the people who need it the most are the most discouraged by the form.”

This story was produced by The Hechinger Report, a nonprofit, nonpartisan education-news outlet based at Teachers College, Columbia University.

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