Top Reasons for Inflated College Textbook Prices

1. Access Codes on Text Book Bundles
Many colleges are providing textbook in a bundled form which are only accessible through unique logins after paying for the access codes. These codes are valid for that particular semester only in which the bundle has been bought and after the expiration date, the bundles are not accessible. The bundles include workbooks and tests along with the textbooks. These bundles are expensive. If the books were not accessible in bundles, then single used books could have been bought for only one-third of the price of the new books.
2. Nonchalance of Professors
Another issue causing the increase of college textbook prices is that the professors may or may not be price sensitive. The professors pay more attention to the content of the textbooks rather than their prices. At the end of the day the ultimate consumers, i.e the students have to bear the consequences of the overpriced textbooks.
3. Strategy of Publishers
In the time when students are opting more and more for buying used books for almost half the price of new ones, the publishers have adopted different tactics to sell new books. They create new editions of books particularly those which are high in demand. These editions have minimal design related changes. The publishers also persuade the professors to add the new additions to their course books. Further, they tend to publish special editions without stating the name of the authors which makes it almost impossible to find alternative books on the same topics. Hence students have to buy these expensive books to complete their course books.
4. Monopoly of Big Players
Big publishing companies such as McGraw-Hill, Pearson, and Cengage have the power of setting the price rates of textbooks as they influence and monopolize the market due to their huge market share. It results in the availability of overpriced and expensive textbooks in the market that the students have to buy.
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