
Dan Sandoval Corsair |
The Money Making Machine
- Michael Shabsis browses through SMC's bookstore in search
of class material. Many students say they now prefer buying
their textbooks online. Overseas websites, such as amazon.co.uk,
often offer better deals than their U.S. counterparts. |
Students Complain of SMC's High Bookstore
Prices
By Rachel Hadlock-Piltz
Corsair Staff Writer
- Students find overseas and online alternatives to high-priced
bookstores.
As the costs of attending college continue to rise, the price
of college textbooks is keeping pace - and then some.
Students who are already paying more money per unit and increased
parking fees are trying new strategies to avoid paying high textbook
prices.
Many students believe they can find better deals on the Internet
than they can get at Santa Monica College 's bookstore.
"I think the bookstore is really expensive. It's misusing its
position," said Lotte Goede, an SMC student. "Like, it's most convenient
to go to the bookstore at the campus, but the prices are quite
high. I go to 'campusi' on the Internet and I get all my books
for.an average of 10, 20 bucks per book."
Yet shopping online isn't always cheaper and more practical for
everyone, as student Samia Khwaja pointed out.
"Not everyone can do it. Not everyone has a credit card," she
said.
Referring to online textbook discount sites such as half.com,
which is run by eBay, SMC bookstore manager David Dever pointed
out his own paradox.
"It's not illegal, but it's not 100 percent true," Dever said. "They'll
send you an older edition, which is cheaper, if you don't put in
the ISBN number of the book."
The ISBN number identifies the specific printing run and edition
of a book.
An example of this is packaged editions; online at eCampus.com
you can buy the fifth edition of Sheldon Metcalfe's "Building a
Speech," which comes with a CD for $28.45, or you can buy the "same" book
with a "CD-rom" for $21.63.
The difference in price is accounted for by the fact that the
CD-Rom edition is a used package dating back to 1995, and the CD
edition is new - having been published in 2003. Students buying
the used 1995 edition are taking a risk as well; a used CD could
be damaged and an older edition might not be the same as the textbook
used in class.
But, unless a student doesn't know the edition needed for the
class, mistaking different editions is difficult - since the difference
in price should, according to Dever, tip off the buyer that something
is wrong.
Another option for students looking to cut costs is the purchase
of used textbooks, but this comes with its own challenges. If a
professor requires a package (a textbook that comes with additional
features, such as student workbooks, software, or Internet-access
codes), you may have to purchase each feature separately.
New textbook packages usually offer free Internet-access for a
number of months; "free" workbooks are included in the price of
a new package; buying the Internet-access code and workbook separately
costs more because they aren't discounted. In this way, the total
price of the used "package" students put together themselves may
be more expensive than buying the package new.
Dever explained that the SMC bookstore sells new packages because
professors request them, writing the ISBN for them on requisitions
the bookstore sends out before each buying season. He said that
if a package is listed on a requisition they call to confirm that
is what the professor wants.
The price of a used textbook can vary much more than the price
of the same textbook new. According to the National Association
of College Stores, the average bookstore markup (margin) for a
new textbook sold by its member stores is about 23 percent. Used
textbooks sold at NACS affiliates have a margin of 34 percent average,
but there is no standard re-sale margin for all books; 34 percent
is the margin against the buy-back cost. Costs were not listed
on the NACS website.
SMC's bookstore, which is publicly owned by the college district
and is governed by the Board of Trustees, is associated with the
NACS.
"Basically, our standard markup [for all textbooks] is set by
the district," Dever said. He went on to explain that the average
markup is 24 cents on the dollar, and that this is the industry
standard in California . "If you go to L.A. Trade Tech [or the]
L.A. community college district, it's basically the same. [ Loyola
Marymount University ] doesn't own their bookstore, but the company
that does still charges about 24 cents [per dollar]," he said.
The average margin for total book sales by NACS affiliates is
listed as 25.99 percent, making California college bookstore prices
lower than average.
Selling a used textbook isn't easy either. Dever explained the
bookstore's buy-back policy. He said the time-line for returns
is short because there is no market for a used book if a professor
doesn't plan on using it the following semester. Requisition forms
for the next semester are sent out only a few weeks after the start
of the term, so that new books can be ordered and can arrive on
time.
He speculated that SMC's bookstore could get 75 percent of the
used textbooks on campus sold back to them if it weren't for new
editions. New editions, which are printed roughly every two years,
decrease sellbacks because professors request the new edition rather
than continue to use the old one.
Khwaja said that there is another obstacle to selling back used
textbooks: students who desire to buy textbooks at low prices do
not want to sell their textbooks for low prices.
She said her brother went to sell his psychology textbook, for
which he'd paid $100, and was offered less than $30 in return. "He
[decided not to] sell it back. It's a waste. It prevents other
students who want to buy used textbooks from the bookstore," she
said.
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