Make Textbooks Affordable

Everyone knows that textbooks costs are out of control. The average student spends $900 per year, and prices are rising four times the rate of inflation!

It’s no accident that textbooks are so expensive.  Publishing companies have been raking in huge profits while engaging in bad practices that drive up costs: issuing new editions that make used books hard to find, bundling textbooks with unnecessary CDs and pass-codes, and more.  They get away with it because students don’t have a choice -- we’ve got to buy the book they’re selling, even if the price is outrageous.

The good news is that we have all of the technology we need to make textbooks affordable. Already, there are rental programs at more than 1,500 colleges, hundreds of sites selling used books and more ways to save than ever before. There's also new solutions like open-source textbooks, which could literally revolutionize how much students pay for their books.

We're fighting to rein in costs by promoting cost-saving solutions on campus, while also tackling publishers' stranglehold on the market to change prices for good.  We're educating students, faculty and bookstores, and raising awareness through researchand the media. We're also calling on publishers, colleges and foundations to support the creation of more open-source textbooks that could save students millions each year.

Issue updates

Report | U.S. PIRG | Higher Ed

The Cost of College Will Soar if Interest Rates Allowed to Double

The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012. If that occurs, millions of students will see their interest rates soar to 6.8 percent on the new loans they take in the next year thereby causing a steep rise in their loan burden and effectively increasing the cost of attaining a college degree.

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News Release | Higher Ed

Senators Block Bill to Keep Student Loan Interest Rates From Doubling On July 1

“The bottom line is that this is important to future graduates and their families, it is a top concern among students, and has support from across the political spectrum."

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Media Hit | Higher Ed

Obama, Romney focus on student debt as campaign issue

“This should send a clear message to Congress that this is a common sense nonpartisan issue,” said Rich Williams, higher education advocate for U.S. PIRG.

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Media Hit | Higher Ed

New York Times: Student Loan Interest Rates Loom as Political Battle

Rich Williams, the higher education advocate for U.S. Public Interest Research Group, said he thought about 14 moderate Republican senators might support the effort to keep the interest rates down. “This should be a bipartisan issue,” he said. “It’s something everyone gets.”

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News Release | The State PIRGs | Higher Ed

Students to Congress: Don’t Double Student Debt Rates

Washington, D.C. – With the student loan interest rate about to double this July for almost 8 million loan borrowers, Arizona PIRG students and coalition partners deliver over 130,000 letters to Congress urging a different plan.

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