Free textbook developer could save students $750M over five years

Textbooks prices have risen faster than tuition.

OpenStax College, a publisher based at Rice University, announced last week that the nonprofit would more than double the number of free online textbooks over the next two years.

Perhaps as noteworthy as the group’s plans to double its available titles is the three-year goal of OpenStax officials: to offer no-cost online textbooks for 25 of the most popular college courses while capturing 10 percent of the textbook market and saving students upwards of $750 million over five years.

Those massive five-year savings depend on OpenStax carving out a considerable spot in the competitive textbook market, of course, but Rice professor and OpenStax College founder Richard Baraniuk said it is a realistic and worthwhile goal.…Read More