No one wants to pay $200 for a textbook

No one wants to pay $200 for a textbook, and soon no one will have to, because the $200 textbook may be disappearing. Like other technological trends that were plodding along before COVID-19, the use of digital resources and freely licensed learning materials — known as open educational resources, or OER — exploded in 2020. And that growth comes with an added bonus for students: For the first time in decades, textbook prices are dropping. According to Mark Perry, an economics professor at the University of Michigan-Flint, OER can be credited with the downturn. A widely circulated 2019 chart designed by Perry showed that while the cost consumer goods like TVs and toys has dropped over the past two decades, lines on the graph for essential goods and services — including food, housing, medical care, child care, education and textbooks — have continued to arch upward. But recently, the textbook line has started sagging, … Continue reading No one wants to pay $200 for a textbook