Students buy texts online to save money

• Article
• Comments ()
• Click-2-Listen
• Videos

By

Rohit Koppula roamed through the George Washington University Bookstore this week in search of books he will need for his upcoming classes. But he wasn't going to spend a cent there.

"I'm just figuring out what books I have to buy exactly. Then I'm taking a picture of them with my cell phone, so I'll know what books to buy online," said the freshman who is majoring in pre-med at the university. "It's cheaper online."

Thousands of college students like Mr. Koppula will soon head online to purchase their books for the fall semester. About 23 percent of students bought at least one of their class textbooks online last year, according to a report by the National Association of College Stores.

But for the 2006-07 school year, about 35 percent of students will buy at least one book online, according to TextbookX.com founder Brian Jacobs, who cited an internal industry study.

Students have good reasons to avoid their campus bookstore. Textbook prices have tripled since 1986, rising at an average of 6 percent per year, more than twice the rate of inflation, according to a July 2005 U.S. Government Accountability Office (GAO) report.

On average, students attending four-year public schools spent about $894 on books and supplies for the 2005-06 school year, according to the College Board, a nonprofit organization that tracks higher-education spending.

If Mr. Koppula bought all the books he needs from his campus bookstore, he would spend about $700, he said. But if he buys from online stores such as Amazon.com or EBay.com, Mr. Koppula said he could save about $150.

The number of Web sites that sell books from wholesalers or offer student-run book markets, such as CollegeBooksDirect.com or Collegetext.com, have soared in the past 10 years, according to Steve Loyola, president and founder of BestWebBuys.com. His Web site allows users to search and compare the best book prices of about 25 of these Web sites.

"They were rare in 2000. Now they're pretty much maxed out," he said, adding that booksellers probably find it easier to sell online than in stores.

As well as selling books from wholesalers at retail price, TextbookX.com offers an online marketplace where students can buy and sell from each other. Mr. Jacobs said the Web site has more than 500,000 users, and the number of books sold through the Web site increased 80 percent from 2004 to 2005.