A December 19th report by Newsday states that state comptroller Thomas DiNapoli released a report on how State Universities (such as SUNY Stony Brook, which was studied in his report) can save money on college books.
“After comparing prices at six campus bookstores with those bought online for several freshmen- and junior-dominated classes, the comptroller’s office concluded students could save as much as 40 percent if students buy books online.”
Well comparative shopping makes sense… but wait there’s more.
“However, the review found limited opportunity for students to seek alternative lower cost options due to lack of advanced posting of course listings and the lack of clear, accurate book identification information.”
I have two qualms with this report.
1) Why is the State Comptrollers office wasting tax money on producing a report that lists common sense solutions such as “comparative shopping”? I mean, don’t misunderstand me, I think saving money is a great thing however if you are a college student and are still not intelligent enough to comparative shop if you are looking to save money than something is wrong with that picture. As for the colleges not posting assigned books needed in order for students to comparatively shop more effectively, I think that is a good idea but yet again not such a novel notion that a comprehensive report needs to be filed.
2) What this report does not take into account is that most college book stores are non for profit. Any money that each bookstore takes in gets fed back into the college. So while colleges will be saving money, (by not buying as many books, since presumably, students will not be buying as many books from them) they are only hurting themselves in the long run by allowing less money to flow into the college.
To see the full report click here