 OPEN SOURCING TEXTBOOKS Brenden Cole English 2010

COLLEGE AND TUITION DEBT

STUDENT DEBT  Approximately 20 million students attend college per year  60% will borrow money annually to help pay for costs  Close to 37 million loan borrowers have outstanding student loans  Almost 1 trillion dollars of our National Debt is student loan debt

INFLATION RATES

GOVERNMENT ACCOUNTABILITY OFFICE (GAO) FINDINGS  Textbook prices have risen at 2x the inflation rate since the early 1980’s  Publishers create new editions with minimal alterations at a faster pace than 10 to 20 years ago  From 1986 to 2004, textbook prices have raised 186%  Publishers claim the rise is for development costs and the extra media that is included with most of the textbooks available today

OPENSTAX  Founded by Richard Baraniuk in 1999  Non Profit Organization designed to provide free open learning materials for college students  Offers free textbooks that are developed and peer-reviewed by educators  Used by millions of students and faculty in nearly 200 countries

TECHWISE CONVERSATIONS Steven Cherry Of IEEE Spectrum Richard Baraniuk Of OpenStax

STUDENT BENEFITS OF OPENSTAX  Access your backpack anywhere  Build custom versions of your book online.  All College textbooks are professionally reviewed  Multiple formats available for download  No prices, no sign up/hidden fees, just FREE education!

FACULTY BENEFITS OF OPENSTAX  Review a textbook online free of charge (Instructors may also request a complimentary print copy)  Post corrections or errors, suggest examples, or volunteer as an editor or author  100 percent customizable textbooks  Try it out with a free class test package

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