The price of academic texts is on the rise, but students aren’t the only ones struggling to keep up: University libraries officials said the cost of academic journal subscriptions has left them in a financial tight spot. The library’s total collections budget, almost $12 million, has stayed essentially flat for a decade, while the cost of journal and database subscriptions has increased by about 6.5 percent a year, well above the average inflation rate of about 2.4 percent. Since 2011, a $100 student fee has helped cover some of the costs, but library spokesman Eric Bartheld said it is becoming clear that the fee is not a sustainable solution. The publishing world has undergone significant change in the past few decades. Formerly independent and cheap subscriptions are now managed by a handful of publishers, driving up costs. And libraries across the nation have fallen out of favor with the rise of the Internet, resulting in less government support
Blog about the economic struggle of higher education faculty members and students around the world, daily research and posts about this recession
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Sunday, December 8, 2013
University libraries costs increase - Josh Logue, Diamondback
The price of academic texts is on the rise, but students aren’t the only ones struggling to keep up: University libraries officials said the cost of academic journal subscriptions has left them in a financial tight spot. The library’s total collections budget, almost $12 million, has stayed essentially flat for a decade, while the cost of journal and database subscriptions has increased by about 6.5 percent a year, well above the average inflation rate of about 2.4 percent. Since 2011, a $100 student fee has helped cover some of the costs, but library spokesman Eric Bartheld said it is becoming clear that the fee is not a sustainable solution. The publishing world has undergone significant change in the past few decades. Formerly independent and cheap subscriptions are now managed by a handful of publishers, driving up costs. And libraries across the nation have fallen out of favor with the rise of the Internet, resulting in less government support
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