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Oberlin, OH (Profitable.com) Students estimate they spend $655 annually on required course materials – that is down from $667 two years ago and from $702 four years ago, according to the latest Student Watch™ study conducted by OnCampus Research, a division of the National Association of College Stores (NACS).
“This is terrific news for students, who continue to be pressured by the higher cost of attending college. The steady decline indicates that the money-saving strategies college stores are implementing to keep required course materials as affordable as possible for their students are having a positive impact,” said Julie Traylor, NACS’ Chief of Planning and Research.
The number of college stores offering textbook rental over the past two years has skyrocketed, from approximately 300 in the fall of 2009 to more than 2,500 in fall of 2011. Such print-version rental programs can save a student between 45-66% off the price of a new print textbook. In addition, college stores continue to work hard to increase their stock of used textbooks (a 25% savings) and digital, which can save 40% off the new-text price.
Charles Schmidt, NACS director of public relations, offered the following additional suggestions to students seeking to save money on textbooks:
Headquartered in Oberlin, Ohio, the National Association of College Stores (NACS) is the professional trade association representing the $10 billion collegiate retailing industry. NACS represents more than 3,100 collegiate retailers and approximately 1,000 associate members who supply books and other products to college stores. NACS member stores serve America’s college students while supporting the academic missions of higher education institutions everywhere. Additional information on NACS can be found online at www.nacs.org.
About OnCampus Research
OnCampus Research is a consultative research group with one mission: to help companies better understand the college market. With more than 75 years of experience in the college industry, we offer full-service quantitative and qualitative research literally ‘OnCampus,’ through our online panel of over 18,000 students at 1,100 campuses nationwide. Specializing in online surveys, focus groups, omnibus surveys, syndicated studies, and in-depth interviews, OnCampus works with clients to create a strategy that best fits their needs and positions them as the brand of choice among college students.