From Deseret News archives:
The price of knowledge: College students seeking alternatives to campus bookstore prices
On average, $4.7 billion is spent on new textbooks every year, according to the National Retail Federation, and in most cases, the knowledge students garner from those textbooks is the only thing they get from that investment.
Weber State University freshman Becky Sandoval was sent fuming out of the school's bookstore, after they offered to give her $25 for a new-edition human physiology text she purchased only six weeks prior for $150.
"I had a stack of books, I had maybe 12 books I tried to sell back, and they only bought one of them back for a decent price," she said. "I just bought these books for the summer semester that just barely ended, and I know they're using these books next semester, and they didn't take any back."
Like many of her peers, a frustrated Sandoval turned to the Internet to find a better buyer.
College bookstores are notorious among students for buying only a select percentage of used textbooks back from students at the end of each semester, a practice Beat the Bookstore's co-owner David Monk says is "inefficient."
"Their mission is to contribute funds back to the school so that tuition prices can remain lower," he said. "As you know, not only are textbook prices going up astronomically, but so are tuition prices, so obviously the school bookstore is not doing its job."
However, bookstores operate under a contractual agreement with textbook wholesalers in order to keep the industry afloat. The National Association of College Stores reports that bookstores only make about 5 cents for every dollar's worth of a new textbook.
"The wholesaler agrees to provide bookstores with the aid of operating their business and the bookstore agrees to provide a portion of their buyback revenue to the wholesaler," Monk said. "It really is as simple as there's a big huge middleman in the industry."
With five Utah locations, Monk's textbook-only retail stores aim to provide students with a lower-cost alternative to high prices and lines at campus bookstores. They offer students in-store credit to offset the costs of purchasing another book for the following semester.
Recent comments
Having recently graduated with my MBA, I completely understand how...
Anonymous | Aug. 16, 2007 at 9:03 a.m.
Hey JJ - sounds like you have sour grapes! I am a beta user too for...
Mike | Aug. 15, 2007 at 10:28 a.m.
Unfortunately, the textbookflix.com is a rip off also. I checked the...
JJ | Aug. 14, 2007 at 7:22 p.m.
- Late pick lifts SUU to victory 12:10 a.m.
- Sprint Cup virtually won 12:09 a.m.
- Cougars put the fun back in football 12:08 a.m.
- BYU football: BYU 38, Air Force 21 12:07 a.m.
- Sports on the air 12:05 a.m.
- Kirilenko heating up for the Jazz 11:45 p.m.
- Jazz outlast Pistons in overtime 11:40 p.m.
- Angel placed atop temple 11:40 p.m.
- Thanksgiving's roots 11:39 p.m.
- Becky Thomas: Romantic spots 11:39 p.m.
- Glenn Beck to enter politics?
- Can BYU throw vs. Air Force?
- Cougars cruise to victory in Hawaii
- Huntsman blasts media over trip
- Christian leaders not backing down
- Police link alcohol to murder
- TCU still has a chance
- Orem man acquitted in tot's death
- Hall breaks BYU record with win
- Religion cited in deportation fight
- Buttars wants to limit gay rights laws
192 - Palin plans tour stop in Utah
173 - Glenn Beck to enter politics?
126 - Palin's book shows she's unqualified
122 - Officer cleared in Cardall Taser case
103 - BYU cuts Women's Research Inst.
100 - Jazz finally win in San Antonio
98 - Utes knock off rival Aggies
93 - Hall breaks BYU record with win
93 - Huntsman pleased with Obama
87
I am a ute fan, but I really love the cougars. I am a great ute fan, but the...
Any congressman who votes for this health care bill should be sent home....
It's already tough enough to swallow awful losses, but beating up on small...
AK belongs on the ballot long before Millsap. I thought he was supposed to...
The biggest joke is this sentence, "Provo recently restructured Broadweave's...
I am still waiting to see a football player tackle someone on the opposing...
Not the prettiest game, but Carlos finished extremely well. Lets see how long...
Whether or not the jury felt he was not innocent doesn't change the fact that...
are you kidding me ? those "pesky" seniors were a big part of binghams team...
guns don't kill people....people with guns kill people.


