Business sample paper on Text book publishers are ripping off students

Text book publishers are ripping off students

College unaffordability has become one of the major issues affecting school going students. Most college fresh students are always faced with strict requirements before their admission and after admission into their new schools. This has rendered most students bankrupt or is hit with high staggering levels of debts.

Most conversations about student bankruptcy have for a long time, been attributed to high tuition costs. However, a rather less known source is coming up and this is textbooks. This new leeway has seen most students forcibly using a lot of money purchasing these books, which the school has set as mandatory requirements.This is a well set scheme by the public colleges who have teamed up with text book publishers to rip off students their financial capacity.

Due this high requisite, the demand for these textbooks has gone up with a relative rise in the costs of these books. For instance, according to Scheer (2008), the University of Alabama requires freshman composition students to purchase a writing text book called ‘A writers reference,’ by Diana Hacker. However, the school does not need any other edition, but the school edition which goes at $59.35, when the regular edition can go half the price. This has economically impacted on the financial situation thus tripling the rate of inflation (Vohra, 2012).

Textbook publishing is racketing schemes since the knowledge most of them impart have been replicated in other sources that can be got freely or at a cheaper prices. However, most schools demand a specific book from a specific publisher. It has been noted that most publishers usually make several attempts to convince professors to teach from a certain book they exorbitantly sell; with a small incentive promised for them in return. With this ensured, most professors have given in to this enticement thus ending up teaching a given course from only a specific book.

To maintain their profit margin, most publishers will barely redesign or update their books editions as required.Even though some professors may continuously change their courses from year to year, having been promised some little incentive from teaching from a specific edition, they will rarely change their courses. This will save textbook publishers from the enormous costs and energy required in producing new text books editions.

In addition, most publishers even employ very stricken measures to ensure that students pay the exorbitant prices for their text books.To do this, theyhave tried to limit the number of second hand textbooks coming up in the market. These books are usually sold cheaply since they are old books which are sold by students who don’t need them anymore. By controlling this dependence on second hand books, they are capable of maintaining their relevance in the market and keeping their demands up.

Moreover, these publishers have also barred students from buying international books. These are cheaper versions of these textbooks which are published to favor the international students who may not afford the American prices. This has been very unfair since the content for each version are the same? Text book publishers have created this scheme to completely extort money from these students.

In conclusion, public schools and textbook publishers have teamed up to rip off students financially. The school demands on purchasing books have subjected most students to buying books at costly prices thus benefitting the publishers while the students stagger in debts. Since there are other cheaper versions which deliver same content, students should be allowed by their professors to buy books they can easilyafford without much financial strain.

References

Denis, H., &Bilgrin, M. (2016). Entrepreneurship, Business and Economics –Vol2: Proceedings of the 15th Eurasia Business and Economics Society Conference. New York, Springer.

Kluge, P, (2009).Gone Tomorrow. New York, Overlook Press.

Scheer, M. (2008). No Sucker Left Behind: Avoiding the Great College Rip Off. New York, Common Courage Press.

Vohra, A. (2012). Lies, Damned Lies, and College Admissions: An Inquiry into Education. New York, BookBaby.