The Direct Network

Early Adoptions Provide Student Cost Savings

Posted by Liz Schulte on Sep 18, 2017 5:30:00 AM
Topics: adoptions, cost savings, student savings

Ideally, students would show up on the first day of class with everything they need to be successful in school. Pen, notebook and … course materials? Not necessarily.Early Adoptions Provide Student Cost SavingsWith the increasing tuition costs and rising course materials prices, students are desperate for savings. Some may resort to pirating the book while others simply won’t purchase one.  When faced with buying an expensive new textbook 65% of students choose not to make the purchase, leaving them less prepared and harder to teach. As the stress on the student and faculty member increases, they become less satisfied with their experience at your school. In fact, 70% of college students are stressed about their finances which can negatively affect their academics and health. Schools finding ways to cut the expenses students face is imperative to their success.

Continual increases in tuition and textbooks costs hangs like a dark cloud of financial debt over students, which is why the cost-savings that early adoptions provide is important. With adoption deadlines right around the corner, it’s a great time to remind faculty that making a small change — turning in their selected course materials early — can have a big impact on the lives of the students they teach.

Early adoptions combat the increasing costs by enabling your school to have enough used books for each student enrolled in the class. Used books provide the student upfront savings of 25% or more. On top of that, they will also receive more money at buyback for a textbook that has already been adopted than one that hasn’t. Not only can one small action save students money, but it also puts more money back in their pockets at the end of the semester.

However, when selections are delayed, a cost-saving option is significantly less likely to be available to all students. Finding enough used textbooks to meet enrollment needs may not be an option without the necessary time required to fill the order. Students are then left to either buy new or not buy at all. It can also result in students not having immediate access to the course materials they need because the specific title for their class is on backorder.

How do you change the way faculty handles their course materials selection? Understand why they haven’t made it a priority. Perhaps they are unaware of the financial benefits it has to the students and the school. Or maybe they haven’t made the connection between the timeliness of their selection and students preparedness for the start of term (4 Reasons Faculty Aren’t Submitting Adoption Requests On Time). Share the information they need to understand the benefits that come with early adoptions and send reminders as the deadline approaches.  10 Ways Savvy Adoptions Lead to Student Savings

About Liz Schulte

Liz Schulte is an author and business owner with a background in customer service, marketing and higher education development.

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