Student Groups Pressure Colleges Over the Insane Cost of Textbooks - Bloomberg Business

"College students shell out hundreds of dollars on textbooks every year. The average price of a new textbook was $68 in 2012, according to the National Association of College Stores, and the College Board suggests students budget between $1,225 and $1,328 a year for books and supplies. That can amount to as much as 40 percent of tuition for community college students, but there may be a way to chip away at that expense, a new report says. Switching one of their dead-tree texts out for an open-source one—a book available for free online or to print at a minimal cost—saves students an average of $128 per course every semester, said the Student Public Interest Research Groups in a report (pdf) published Tuesday.  The Student PIRGs, a group of state student advocacy organizations, crunched data from five colleges that have introduced open textbook programs to estimate how much students save by using open books. With more than 11 million full-time undergraduates in the U.S., and upwards of 160 open textbooks on the market, the group says students would save $1 billion a year if they all replaced a single book with its open-source alternative. ..."