By offering MHCC students affordable textbook solutions, we will help mitigate a major obstacle to student success.
According to Bureau of Labor Statistics (BLS) data, college textbook prices increased 1,041% from 1977
to 2015. That’s more than 3 time the rate of inflation during that same time period! Meanwhile, college tuition and fees increased by 63% between 2006 and 2016.
“In the 1970’s, Pell Grants covered approximately 80% of the cost of college. By 2014, that had fallen to 25%” reports researcher Suzanne Mettler of Cornell University.
The increasing cost of higher education has been shown to be on of the most significant barriers to student retention and completion of degrees, particularly amongst low-income, minority, and first generation college students.
U.S. Department of Education studies show that “Just 9 percent of students from the lowest income quartile graduate with a bachelor's
degree by age 24, compared to 77 percent for the top income quartile.”
In a 2015 study of higher education institutions, 96% reported that textbook prices have a negative impact on student retention and completion.
Making MHCC programs more affordable to students by reducing textbook expense provides a positive contribution towards student retention and completion, and helps students achieve their academic goals and career success.