Can US Higher Education Publishers Leverage a Subscription Model

The overall cost of higher education has been continuously increasing, as is evident by the rise in the textbook prices. Over the past 30-40 years, textbook prices have increased by more than 1000%. Educational publishers, who till now had a steady stream of income compared to non-educational book publishers, due to the recurring need for textbooks every year by students, are now gradually shifting towards digital publishing. This change is the result of overpriced textbooks which drove students towards less expensive sources like eBooks, used textbooks, rental books etc. It seemed only logical and feasible for students to use these alternative options, than pay for heavily priced new textbooks.

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