Press Releases

New White Paper Reveals Key Insights on How College Presidents, Provosts and Chief Academic Officers Think About the Future of Bookstore Services and Textbook Delivery

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Survey results highlight a significant gap between institutions recognizing the problem of textbook affordability and those taking action to implement change. In 2013, Akademos conducted the first comprehensive survey of College and University Presidents, Provosts, and CAOs focusing on textbook delivery, costs, and bookstore services; the just-released 2015 follow up survey reveals a rich set of data points, key trends and insight into the challenges and opportunities facing institutions regarding escalating textbook prices and their impact across all campus stakeholder groups.

Akademos, Inc. announces the release of a new resource for higher education administrators that provides a fresh perspective to the ever-changing landscape of textbook delivery and bookstore services. Based upon a recently fielded study of college presidents, provosts, and CAOs, Akademos’ latest white paper assesses critical issues including the impact of course material costs on student satisfaction and campus shop utilization, textbook affordability policies and programs, academic freedom, and student persistence.

The survey highlights that as textbook prices continue to climb, college and university leaders have seen the challenges in textbook delivery and bookstore services accelerate, including the following key findings:

  • 91% of administrators reported that high textbook costs negatively impact student retention and persistence
  • Student and faculty satisfaction with textbook prices remain extremely low
  • High textbook prices are driving a significant number (81%) of students to shop for books outside of the school-sanctioned store or worse, opt to not purchase required materials at all

Administrators are being forced to take a critical look at their current bookstore model in an effort to keep up with the demands required to serve student needs and improve student outcomes. For example, the survey reveals institutions that have formal textbook affordability programs report significantly higher levels of student and faculty satisfaction with regard to textbook costs.

“The survey findings show that college and university Presidents, Provosts and Chief Academic Officers have become increasingly aware of the issues and challenges surrounding textbook delivery and bookstore services,” said Jonathan Shar, Chief Marketing Officer for Akademos. “For example, 85% of respondents reported that they are involved in a textbook affordability strategy at their institution, but only 21% reported having a formal program to help faculty select high quality, low cost course materials, which is a driver of higher student and faculty satisfaction. We believe this data should be very actionable for most institutions and that the time to act is now. It is encouraging to see that institutions with active textbook affordability programs have seen positive results. We hope this White Paper will spur institutions across the country to critically evaluate their textbook and delivery services for the future.”

The full report summarizes responses to all questions asked in the 2015 CAO Survey, provides analysis of the results, and compares trends from the 2013 survey.

For a copy of the 2015 College President, Provost, and CAO Survey on Textbook Delivery and Bookstore Services White Paper, go to http://info.akademos.com/presidents-survey-white-paper-2015. This White Paper is available at no charge.

To learn more about expanding affordable textbook options for students and our online bookstore services for educational institutions, visit the Akademos website at http://www.akademos.com.

New White Paper Provides Exclusive Insight into College CFOs View on Textbook Trends and Bookstore Services

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Two years ago Akademos completed the first comprehensive survey of college CFOs regarding the future of bookstore services and today released the results of the much-anticipated follow-up study in a new White Paper. New data reveals the ongoing tension between serving student needs, improving student outcomes and the current on-campus bookstore model.

Norwalk, CT – Today, Akademos, Inc. announced the release of a new White Paper that highlights key trends in the ever-changing landscape of textbook delivery and bookstore services. The report, based upon a recently fielded study of college CFOs, assesses critical issues such as trends in textbook sales at campus bookstores, student purchasing behavior, the impact of textbook costs on student persistence, plus much more. Results show that textbook delivery and bookstore services remain a prominent issue for college and university CFOs. Institutions are being forced to review their current bookstore model in an effort tokeep up with the demands required to serve student needs and improve student outcomes. The White Paper underlines a clear direction in which college CFOs believe textbook delivery is going, including the following key findings:

93% of respondents confirmed that students are increasingly turning away from campus-based bookstores in favor of third-party providers

  • Respondents pointed to price as the primary reason students bypass the college bookstore
  • Respondents ranked giving students access to high-quality, low-cost textbooks as the most important service institutions can provide regarding the sale of textbooks
  • Nearly all respondents believe textbook costs impact student retention and persistence
  • The majority (91%) indicated that textbook sales have been flat or down over the past three years

“The latest data highlights that challenges facing colleges and universities with regard to textbook delivery and bookstore services have only accelerated since our 2013 report,” said Jonathan Shar, Chief Marketing Officer for Akademos. “For example an increasing number of college CFOs confirmed that students are shopping for textbooks outside of the school-sanctioned bookstore due to price, which is a critical issue to track and in our experience is often under-reported. We hope this White Paper can provide a blueprint for institutions across the country on how to best structure their textbook and delivery services going forward.”

The full report summarizes responses to all questions asked in the 2015 CFO Survey, provides analysis ofthe results, and compares trends from the 2013 survey. For a copy of the 2015 College CFO Survey on Textbook Delivery and Bookstore Services White Paper, go to http://info.akademos.com/cfo-survey-white-paper-2015. This White Paper is available at no charge.

Contact us to learn more about expanding affordable textbook options for students and our online bookstore services for educational institutions.

Northshore Technical Community College Adopts Akademos’ Online Bookstore

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In an effort to increase textbook affordability for its students, Northshore Technical Community College partners with Akademos, an online bookstore provider dedicated to supporting student success.

We are pleased to announce that Northshore Technical Community College has joined our fast growing list of partner schools. Northshore Technical Community College is a member of the Louisiana Community and Technical College System (LCTCS), an organization that provides strategic management and support for Louisiana’s 13 community and technical colleges.

Beginning this fall, Northshore Technical Community College students can shop for textbooks in the format of their choice across new, used, rental or eBook options and place orders anytime, anywhere through the mobile optimized online bookstore and marketplace. With Akademos’ best-in-class online shopping platform, students will now be able to complete their entire textbook ordering for a term in one stop, saving 30%-40% on their course materials.

“I am pleased to welcome Northshore Technical Community College to Akademos,” said Chief Executive Officer John Squires. “We look forward to applying our vast experience serving college students and institutions across the country to deliver an innovative online bookstore service and course materials platform for Northshore Technical Community College students, faculty, and administrators.”

“The faculty, staff, and administration of Northshore Technical Community College are committed to the success of our students—and textbook affordability is key to that success,” said Chancellor William S. Wainwright, Ph.D. “Similar to many community colleges, we have seen that the high cost of textbooks is an obstacle to our student’s completion and persistence. With Akademos’ online bookstore, our students will enjoy a seamless shopping experience with competitively priced textbooks needed to complete their education.”

Mary Baldwin College Launches Online Bookstore to Deliver Students Significant Discounts on Course Materials

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Mary Baldwin partners with Akademos to improve student success and increase textbook affordability, becoming the third Council of Independent Colleges member in Virginia to move to the Akademos solution within the last 12 months.

Akademos is pleased to announce that Mary Baldwin College, a private liberal arts college in Staunton Virginia, has joined our rapidly growing list of partner schools. Mary Baldwin joins Roanoke Collegeand Bridgewater College as the third Council of Independent Colleges (CIC) member institution in Virginia to adopt the student savings Akademos platform within the last 12 months.

Starting in Fall 2015, Mary Baldwin College students can shop for textbooks and course materials in the money saving format of their choice and place orders anytime, anywhere through the mobile optimized online bookstore and marketplace.

“We are confident that Akademos’ online bookstore platform is the right choice to connect Mary Baldwin students with the course materials they need to thrive academically,” said Crista Cabe, Vice President for Communication, Marketing, and Public Affairs at Mary Baldwin College. “Students will get the right textbooks, at the most competitive prices, and on time.” Mary Baldwin students will be able to order their course materials through the new school-sanctioned online bookstore and seamlessly choose between New, Used, Marketplace, Rental and eBook options, dramatically expanding their access to lower cost textbooks. At the end of each term students will have the option to sell back their textbooks through the Akademos peer-to-peer marketplace to recoup some of their cost.

“I am pleased to welcome Mary Baldwin College to Akademos and look forward to teaming with students, faculty, and administrators to lower the cost of course materials, enhance textbook adoption efficiencies, and ultimately to achieve our mutual goal of improving learning outcomes for students,” said Chief Executive Officer John Squires. “Our solution will encourage students to use the school-sanctioned bookstore website by offering competitively priced textbooks and a mobile-optimized easy to use shopping experience.”

About Mary Baldwin College

Mary Baldwin empowers leaders to pursue lives of purpose in a changing world. As a distinctive small university committed to its rich heritage as an inclusive, women-centered liberal arts college, Mary Baldwin fulfills its mission by providing undergraduate, graduate, and professional education to a diverse population of women and men. It emphasizes high ethical standards and the development of critical, creative, and reflective reasoning as the foundation for fulfilling, engaged, and meaningful lives.

CUNY School of Law to Launch Akademos’ Online Bookstore Solution

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The CUNY School of Law partners with Akademos to deliver its students significant discounts on course materials, becoming the third City University of New York (CUNY) Institution to adopt the Akademos online bookstore solution.

Akademos, Inc., a leading provider of integrated online bookstores and marketplaces for educational institutions, announced today that the CUNY School of Law (http://www.law.cuny.edu) has joined its rapidly growing list of partner schools. The School of Law, along with Medgar Evers College and John Jay College of Criminal Justice, becomes the third City University of New York (CUNY) Institution to adopt the Akademos value focused bookstore solution within the last 12 months.

Starting in Fall 2015, CUNY School of Law students can shop for textbooks and course materials in the money saving format of their choice and place orders anytime, anywhere through a mobile optimized online bookstore and marketplace.

The new online bookstore will accept the CUNY Scholar card, enabling students to seamlessly apply financial aid toward their purchases. With the deep SIS integration and a best-in-class online shopping experience, students will now be able to complete their course material ordering for a term in less than 5 minutes.

“We believe Akademos will best serve our students and faculty,” said Glenn Kaufhold, Chief Operating Officer of CUNY School of Law. “The Akademos online bookstore is built to meet the demand for competitively priced textbooks, and their innovative faculty resources will create much needed efficiencies in our course material adoption process. As an added benefit, moving to an online bookstore will allow us the opportunity to repurpose our existing bookstore space to better serve our students.”

“I am pleased to welcome CUNY School of Law to Akademos,” said Chief Executive Officer John Squires. “We are excited for students to experience our new store design and mobile-optimized shopping experience. Our commitment to continuous innovation around the concepts of value and ease of use will provide outstanding service for CUNY School of Law students, faculty and administrators alike.”

To learn more about expanding affordable textbook options for students and our online bookstore offerings for educational institutions, visit www.akademos.com.

About CUNY Law School
The City University School of Law is the premier public interest law school in the country. It trains lawyers to serve the underprivileged and disempowered and to make a difference in their communities. Our motto, “law in the service of human needs,” infuses everything we do.

About Akademos
Akademos offers virtual bookstore services, eLearning solutions, and an innovative textbook marketplace to schools. Its comprehensive supply-chain solution and commitment to responsive personal service make Akademos a leader in providing affordable textbooks and digital learning tools for schools. Students can choose from new, used, rental, and eBook options while schools can reduce costs and increase operating efficiency. Faculty can search, discover, and adopt new texts using the Akademos Textbook Adoption Tool at http://www.adoption.akademos.com. Akademos delivers the right course materials, at affordable prices, on time. Learn more about Akademos’ direct-to-students ecommerce platform at http://www.textbookx.com and its offerings to partner schools at http://www.akademos.com.

Georgia Military College Partners with Akademos to Lower Textbook Costs for Students

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With the goal of providing more affordable access to education for all students, Georgia Military College’s Online Campus partners with Akademos to launch an online bookstore aimed at delivering significant discounts on course materials.

Akademos is pleased to announce that Georgia Military College Online Campus (http://www.gmc.edu), a public-independent educational institution comprised of a junior college and a separate preparatory school, has joined our list of partner schools.

Starting this summer, GMC students will be able to order their course materials through the newschool-sanctioned online bookstore and seamlessly choose between New, Used, Marketplace, Rental and eBook options, dramatically expanding their access to lower cost textbooks. With a design optimized for smartphones and tablets, students can conveniently place orders anytime, anywhere through the new Akademos’ powered service.

“At Georgia Military College, we are continually seeking ways to help students successfully complete their degree as quickly and affordably as possible—and Akademos’ online bookstore aligns perfectly with this objective,” said Jody Yearwood, Executive Director of the Online Campus. “We offer all of our Associate Degrees completely online and charge no out of state tuition fees. And now we will offer students a best-in-class textbook delivery platform with competitive prices, further reducing the expense of education for our students.”

“Like a growing number of institutions, we recognize that affordable access to a high quality education is the cornerstone of Georgia Military College,” said Chief Executive Officer John Squires. “We are excited to add GMC to our rapidly growing list of Colleges and Universities. We look forward to teaming with students, faculty, and administrators to lower the cost of course materials, enhance textbook adoption efficiencies, and ultimately, to achieve our mutual goal of improving learning outcomes for students.”

To learn more about expanding affordable textbook options for students and the Akademos’ virtual bookstore offering, visit www.akademos.com. To see how the Akademos solution can work for your institution, register today for a personalized 1:1 consultation.

 

CUNY’s Medgar Evers College to Launch Online Bookstore to Reduce Textbook Costs for Students

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Medgar Evers chooses Akademos to improve student success and increase textbook affordability, becoming the second City University of New York (CUNY) institution to partner with Akademos.

Akademos, Inc., a leading provider of integrated online bookstores and textbook affordability solutions for educational institutions, announced today that City University of New York’s (CUNY) Medgar Evers College (http://www.mec.cuny.edu) has joined its rapidly growing list of partner schools.

With Akademos’ personalized online bookstore, marketplace and course materials adoption platforms, Medgar Evers students will have significantly expanded access to a broad selection of lower priced textbook options.

“I am pleased to welcome Medgar Evers to Akademos,” said Chief Executive Officer John Squires. “We are excited for the opportunity to serve another CUNY school and look forward to applying our experience with Medgar Evers to delivering an innovative online bookstore experience for Medgar Evers students, faculty, and administrators.”

Beginning with summer term 2015, Medgar Evers students can shop for textbooks in the format of their choice across new, used, rental or eBook options and place orders anytime, anywhere through the mobile optimized online bookstore and marketplace. In addition, the bookstore will accept the CUNY Scholar card, enabling students to seamlessly apply financial aid toward their purchases. With the deep SIS integration and best-in-class online shopping experience, Medgar Evers students will now be able to complete their entire textbook ordering for a term in less than 5 minutes.

“During this time of industry-wide bookstore transformation and competitive online landscape, institutions must find proactive solutions to increase textbook affordability,” said Dr. Augustine Okerke, Senior Vice President/Provost at Medgar Evers. “Our new Akademos powered online bookstore will meet our student’s demand for competitively priced textbooks. Furthermore, Akademos will meet our needs by giving students, faculty and administrators more choices, reducing space requirements, and bringing Medgar Evers a stable business model that serves our institution for years to come.”

To learn more about expanding affordable textbook options for students and Akademos’ solutions for Colleges and Universities, visit http://www.akademos.com

About Medgar Evers College
Located in Crown Heights, Brooklyn, Medgar Evers College is a growing institution offering both Associate and Baccalaureate degrees. The nearly 7,000-member student body is primarily comprised of those who are the first in their families to attend college. A senior college within The City University of New York (CUNY) system, Medgar Evers College was established in 1970 with a mandate to meet the educational and social needs of the Central Brooklyn community. With a commitment to students who desire a sound academic foundation as well as an opportunity for personal development, Medgar Evers College seeks to provide high-quality, professional, career-oriented undergraduate degree programs in the context of a liberal arts education. For more information, visit http://www.mec.cuny.edu.

About Akademos
Akademos offers virtual bookstore services, eLearning solutions, and an innovative textbook marketplace to schools. Its comprehensive supply-chain solution and commitment to responsive personal service make Akademos a leader in providing affordable textbooks and digital learning tools for schools. Students can choose from new, used, rental, and eBook options while schools can reduce costs and increase operating efficiency. Faculty can search, discover, and adopt new texts using the Akademos Textbook Adoption Tool at http://www.adoption.akademos.com. Akademos delivers the right course materials, at affordable prices, on time. Learn more about Akademos’ direct-to-students ecommerce platform at http://www.textbookx.com and its offerings to partner schools at http://www.akademos.com.

Webinar Registration Now Open: Community Colleges and Solving Escalating Textbook Costs

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In partnership with The American Association of Community Colleges, Akademos is pleased to announce that registration is now open for a brand new webinar focused on addressing the rising costs of textbooks.

See details below and register for free today! Space is limited, so don’t miss out.

Community Colleges and Solving Escalating Textbook Costs

Webinar: Tuesday, March 24, 2pm—3pm ET

Over the past three decades college textbook prices have grown 812 percent, increasing more than 3 times the Consumer Price Index. Colleges across the country are attempting to address this issue in response to recent studies that show that students are opting not to buy some textbooks, resulting in poorer academic performance. This critical issue is especially prevalent at community colleges where often times the cost of class materials can be 35% of the overall cost of education.

In this special interactive webinar, see how other colleges are approaching textbook affordability and how your institution can apply these best practices. Examples of topics that will be covered include, best practices for the formation of a textbook affordability committee, student satisfaction and bookstore utilization tracking, new models for instructional materials that move beyond the printed book, and how institutions balance the budgetary pressures of declining textbook sales with their desire to improve student access to low cost materials.

The panel discussion will include:

  • Dr. Joe May – Chancellor of the Dallas County Community College District
  • Mr. John Squires – CEO, Akademos, Inc

  • Plus more

Space is limited, register today. 

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Innovation in Higher Education at ACE Conference 2015

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Leaders from across Higher Education will converge on Washington DC this weekend for the American Council of Education’s 97th Annual Meeting. One of the premier higher education events brings together nearly 2,000 leaders from across the country to hear from thought leaders and discuss the most pressing issues of the day. This year’s theme of “Promises to Keep: Higher Education and the Public Trust” commemorates the 50th anniversaries of the Civil Rights Act, the Higher Education Act and the Voting Rights Act and will give attendees the opportunity to reflect on the promise of these initiatives, assess their current status and look ahead to new challenges and accomplishments.

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Featured topics and speakers include:

  • Leveraging Technology to Support First-Year Student Satisfaction and Success
    • Speaker: Denise Swett, Vice President, Student Services, Foothill College (CA)
  • State Financial Aid in the Twenty-First Century
    • Speakers: David A. Longanecker, President, Western Interstate Commission for Higher Education; Tim Nesbitt, Chair, Oregon Higher Education Coordinating Commission; Jane V. Wellman, Senior Advisor, College Access Foundation of California
  • Income Inequality in Higher Education
    • Speakers: Paul Krugman Distinguished Scholar, Luxembourg Income Study Center, The Graduate Center, The City University of New York, and Catharine Bond Hill, President and Professor of Economics, Vassar College (NY)
  • College 2050 – Equity and Innovation in Higher Education
    • Speakers: Waded Cruzado, President, Montana State University Cathy N. Davidson, Distinguished Professor; Director of the Futures Initiative and the Humanities, Arts, Science, and Technology Alliance and Collaboratory (HASTAC), The City University of New York Ted Mitchell, Under Secretary of Education, U.S. Department of Education
  • Council of Fellows Professional Development Session: Steering Your Campus During Difficult Times
    • Speakers: Livingston Alexander, President, University of Pittsburgh at Bradford and University of Pittsburgh at Titusville Linda P. Brady, Chancellor, The University of North Carolina at Greensboro Alexander Gonzalez, President, California State University, Sacramento Jerrilee K. Mosier, Chancellor, Ivy Tech Community College– Northeast (IN)

 

These speakers and topics will no doubt stimulate a lot of great discussion on what it will take to educate the next generation of students in our ever evolving world where technology and economic realities create new challenges and opportunities.The team at Akademos is excited to join this important discussion in our Nation’s capital.  As textbook prices soar, colleges are searching for solutions to lower costs and support their core mission of educating students and we would love to share our thoughts on this very important topic.

If you’ll be at the conference please stop by Booth #212 in the Exhibit Hall on March 15 and March 16.  If you can’t make it and want to learn more about expanding affordable textbook options for students and our online bookstore services for colleges and universities, visit Akademos.com or register today for a personalized 1:1 consultation.

New White Paper: A Roadmap for Colleges and Universities on Improving Textbook Affordability

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Akademos Inc. releases a new White Paper, Reducing Textbook Costs through Transitioning to an Online Bookstore, with case study data from institutions that have successfully made the transition and key best practice recommendations for Colleges and Universities interested in evaluating new lower cost textbook and class material options for students.

Today, Akademos Inc. released a new White Paper that outlines best practices for Colleges and Universities to address the concerns of administrators, faculty, students and parents over the escalating cost of textbooks.

The White Paper highlights the recent experience of two institutions that have successfully addressed textbook affordability by making the transition to an online bookstore. Furthermore, the study provides key steps and detailed best practices for the following topics:

1. Identifying the magnitude of the problem for students

2. Establishing key requirements and criteria for the new solution

3. Distinguishing key components of the implementation process and timeline

4. Collecting and analyzing outcomes and results

“Over the past three decades college textbook prices have grown 812%, increasing three times faster than the Consumer Price Index. Colleges are now searching for new solutions to lower costs and support their core mission of educating students,” said Jonathan Shar, Chief Marketing Officer of Akademos.

“Recent studies have shown that many students are opting not to buy any or all textbooks for at least one of their courses due to these high prices, leading to students being less prepared for class and negatively impacting their academic performance,” said Shar. Left unchecked, these factors may undermine the fundamental mission of many Colleges and Universities. We think this White Paper will provide important insights for Institutions across the country focused on addressing these challenges.”

For a copy of Akademos’ Reducing Textbook Costs through Transitioning to an Online Bookstore White Paper, go to http://info.akademos.com/white-paper-download.This White Paper is available at no charge.

To learn more about expanding affordable textbook options for students and our online bookstore services for educational institutions, visit the Akademos website. To see how the Akademos solution can work for your school, register today for a personalized 1:1 consultation.

Events

Upcoming Events
  1. CACUBO Annual Conference

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    San Antonio, TX
  2. EACUBO Annual Conference

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    Philadelphia, PA
Past Events
  1. -

    NACUBO Annual Meeting

    Nashville, TN
  2. -

    SACUBO 2015

    New Orleans, LA Booth #402
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    American Council on Education (ACE) Conference

    Washington, D.C. Booth #212
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    EACUBO 2014

    Orlando, FL
  5. -

    CACUBO 2014

    Kansas City , MO