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Despite growing online markets for discounted books, resale sites, and weekly textbook rental sites such as iFlipd.com the average cost of college textbooks has risen four times faster than the rate of inflation over the past 10 years.
Yes you read that right, four times!
According to a by the Morning Consult for Cengage the huge increase in textbooks prices has led to some shocking statistics. The increase has led 71% of students to ask their parents for money, 41% to skip meals and 31% to take fewer classes to afford their class material.
Change in Consumer Price Index of Textbooks vs. Recreational Books
The vast majority of current and former college students think their textbooks are overpriced and 85% said buying their books is at least somewhat financially stressful. Of the 1,651 current and former students surveyed, a majority said they didn't buy what was required, purchased outdated copies, or shared with classmates.
Students are not only struggling in the food department but many part-time and commuting students don’t have a home to go back to. According to a 2015 study from the Wisconsin Hope Lab and a 2016 report by a group of nonprofits working on hunger and homelessness issues, an average of 13 percent of community college students are homeless. Half of the community college students surveyed in both studies were housing insecure, which refers to the inability to pay rent or utilities, or having to move frequently.
As a Student, iFlipd saves you a lot of money on Print and eBook textbooks by allowing you to make weekly payments vs paying for expensive textbooks up front. We simply lower the barrier to entry for expensive textbooks. Our eBook option gives you the flexibility of reading on any device, and taking notes directly in the reader. We want to help students break the barrier to overpriced textbooks and give students the power to afford a college education.