Daniel Hutchison

Textbook prices are soaring, and students are finding it harder and harder to pay for their books. Dan Hutchison has more in this Bobcat Update.

It's a problem every student faces at the start of a semester: Textbook Prices. It seems like the costs get higher each year. A recent Bureau of Labor Statistics study shows that textbook prices have risen by more than 800 percent since 1988. Many students have reason to complain when they see their receipts.
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Local textbook stores have also been struggling with the prices. Colloquium Bookstore representatives say that they are at the mercy of the publishers when it comes to pricing. They don't like the high prices either, but when a publisher prices a book at 200 dollars they have to sell it for five dollars more to make a profit.
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Colloquium is doing its best to help students with the high prices by offering more cost effective alternatives. They offer textbook rentals and web books which are usually much cheaper than buying a brand new book.
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Students are struggling to make ends meet even with these low-price options. They'll just have to spend more money if they want to continue with their education. For Bobcat Update, I'm Dan Hutchison.