• MSN
  • Hotmail
  • More
    • Autos
    • My MSN
    • Video
    • Careers & Jobs
    • Personals
    • Weather
    • Delish
    • Quotes
    • White Pages
    • Games
    • Real Estate
    • Wonderwall
    • Horoscopes
    • Shopping
    • Yellow Pages
    • Local Edition
    • Traffic
    • Feedback
    • Maps & Directions
    • Travel
    • Full MSN Index
  • Bing
  • NBCNews.com
  • TODAY
  • Nightly News
  • Rock Center
  • Meet the Press
  • Dateline
  • msnbc
  • Breaking News
  • Newsvine
  • News
  • Entertainment
  • Food
  • Health
  • Money
  • Pets
  • Moms
  • Style
  • Travel
  • Books
  • KLG & Hoda
  • Video
  • More
    • Comics & Games
    • Concert Series
    • Good News!
    • Hip2Save
    • Horoscope
    • Lotto
    • Photo Features
    • Relationships
    • Rossen Reports
    • Tech
    • Weather
  • Recommended: Buzz: How much it takes to get by in America
  • Recommended: Reduce the hassles of summer travel (and save money)
  • Recommended: Big gas savings! Kmart goes for giggles again
  • Recommended: Cheapism: Best budget umbrella strollers


Life Inc. is about how the economy is affecting you: your life, your job, your family, your finances, your spending. Check us out on Facebook or follow us on Twitter.

  • ↓ About this blog
  • ↓ Archives
    • Icons Email E-mail updates
    • Icons Twitter Follow on Twitter
    • Icons Feed Subscribe to RSS
  • Advertise | AdChoices
    8
    Aug
    2012
    8:31am, EDT

    Plugged-in college students still favor old-school textbooks

    Jerome A Pollos / AP

    E-books haven't solved the woes of high-priced college textbooks.

    By Mercedes Cardona , NBC News contributor

    For a plugged-in generation, college kids have old-school tastes in textbooks. Even as more publishers offer the choice of buying e-books for classes, students would rather lug around printed textbooks.

    “We have found that digital textbooks are still not as popular with students,” said Charles Schmidt, spokesman for the National Association of College Stores.

    While the price of e-books can be 60 percent to 70 percent of the paper version, a NACS poll found that 74 percent of students still want print.

    That’s because most e-books are simply PDF files of the print book, and renting the paper version is still cheaper, said Schmidt.

    “People don’t want to just see a PDF on a screen. They’re asking: ‘Where’s my interactive video? Where are my widgets?’” said Vineet Madan, senior VP of new ventures at McGraw-Hill Education.

    Students are used to handling content online, and a plain screen isn’t worth the money, experts said.

    “If it’s more interactive they’re going to see that added value and say: ‘Yeah, we will pay more for that,’” Schmidt said. 

    Also professors’ likes and dislikes are a big factor and they hold a lot of sway, said Schmidt. “The average professor is not comfortable” with e-books, he said. “The kids are very sensitive to that.”

    Not all professors are down on e-books. Albert Greco, professor of marketing at Fordham University in New York, said that large tech companies such as Apple and Microsoft Corp. joining the market will impact the number of e-textbooks and their price.

    In January, Apple launched iBooks2, an iPad-based e-reader for K-12 school texts, and observers said it’s a matter of time before it expands to college textbooks. And Greco pointed out Microsoft’s joint venture with Barnes & Noble, built around expanding e-book sales, also includes the chain’s college bookstores.

    “Publishers realized they had to do something because they knew the price of textbooks kept going up,” he said, noting that they’ve tried a number of money-saving options including limited-time e-book licenses and selling single chapters online.

    The top 10 textbooks in 10 popular subjects average $175 each, and price hikes have been beating inflation for years, said Nicole Allen, affordable textbook advocate of Student PIRG (Public Interest Research Group), a consumer organization.

    E-books, while helpful, are not saving students enough, she said. “They are only bringing costs down so much. They’re not solving the problem; they’re making it less bad.”

    Printing a book is only a small part of the price, and e-textbooks come with their own costs, explained Madan.

    “You have to spend money on engineers to build the widgets and features to build these next-generation textbooks,” he said. “Yes, the paper and binding go away, but there is a new set of costs. Paper books don’t need tech support.”

    McGraw-Hill supports alternatives to make e-books more affordable, Madan said. It was among the few publishers to supply textbooks for the iPad app from Inkling, which sells books by the chapter, and also provides its books through CourseSmart, which sells limited-time licenses for e-textbooks. Greco noted his marketing textbook is available on CourseSmart for about a third of the cost of a new book and chapters on Inkling are a fraction of the full book’s price.

    Student PIRG is promoting another kind of e-book: open-source textbooks. Foundations and other institutions fund content, with publishers such as Irvington, N.Y.-based Flat World Knowledge delivering it to colleges and professors who can use it to create texts for their courses. Flat World, which is partly funded by publisher Random House, provides course materials for institutions such as Massachusetts Institute of Technology, Tufts University and the University of Michigan.

    “The change is not going to happen overnight, but we are in the path towards change in the texbooks industry,” said Allen of Student PIRG.

    But change won’t be as simple as trading a book for a tablet, warned Madan of McGraw-Hill : “It’s new value that’s created … and those things require investing.”

    More from Life Inc. 

    • Avoiding the grocery store: A 30-day challenge
    • No bathroom breaks! Stupid office rules and how to fight them
    • Swearing could really $%#! up your career
    • Nothing gets done in August (and that's OK)
    • Caskets for rent, and we're not kidding

     

     

     

     

     

     

     

    3 comments

    Another thing to consider is that many many ebook companies are offering them as "rentals" meaning students lose access to the info after only a few months.

    Show more
    Explore related topics: schools, textbooks, featured, mercedes-cardona
  • 8
    Jun
    2012
    8:06am, EDT

    The richest school districts in America

    By 24/7 Wall St.

     The average income of Americans differs by state, county, city and ZIP code, obviously. At each level, the amount residents earn every year impacts available government services, health and overall quality of life. This is especially true when education is examined by school district.

    24/7 Wall St. analyzed census data from 2006 through 2010 for each of the more than 10,000 unified school districts in the United States. Wealth appears to have an outsized effect on education at the local level. Residents who live in wealthy school districts have among the best schools in the nation based on graduation rates, test scores and independent ratings of academic success. Children who attend these schools are more likely to earn a college degree than the national average. To illustrate the influence wealth and poverty have on educational attainment, 24/7 Wall St. examined the wealthiest and poorest school districts in the country.

    Nearly all of the wealthiest school districts are found within a short distance from cities that are among the richest in the country. Other than one suburb of Portland, Ore., all of the wealthiest school districts are in commuter towns of New York City, located in either Fairfield County, Conn., or Westchester County, N.Y. The poorest districts are rural communities scattered all over the country, from Ohio and Kentucky to Texas and Mississippi.

    24/7 Wall St.: America's poorest school districts

    Compared to the national median income, the families in the most well-off districts are incredibly wealthy. In the 10 richest school districts, median incomes ranged from $175,766 to $238,000. By comparison, the national median household income from 2006 to 2010 was $51,914. Among the 10 wealthiest districts, between 48 percent and 64 percent earned $200,000. Nationally, only 5.4 percent of households earned more than that.

    Median income in the poorest school districts was at the extreme opposite end of the spectrum. Annual median incomes in those districts ranged from $16,607 to $18,980, well below $22,314, the national poverty line for a household of four. In San Perlita Independent School District in Texas, one of the poorest districts in the country, 30 percent of residents earned less than $10,000 each year.

    According to the National Center of Education Statistics, all of the wealthiest school districts spend far more per pupil than the national average. The Darien, Conn., public school district spends $15,433 per student per year, more than 50 percent above the U.S. average of $10,591. The Edgemont, N.Y., public school district spends more than $25,000 per student annually. Barbourville, Ky., the poorest school district, spends less than one-third that amount.

    Not surprisingly, the richest schools are considered better than the poorest schools, based on measures used by the media to rank academic success. All of the richest school districts were included in the 2012 U.S News & World Report  Best High Schools list, except for Bronxville, which was ranked fourth in Newsweek's  Top 20 High Schools in the Northeast. U.S. News based its rankings on state test scores and college readiness, while Newsweek's  methodology included graduation rates, college acceptance and AP exams. The poorest school districts did not fare as well. Only two were included in the U.S. News  rankings.

    24/7 Wall St.: The happiest countries in the world

    On a national level, nearly half of all property tax revenue goes to public school funding. As a result, most districts rely heavily on local funding. In the richest school districts, up to 90 percent of the school district budget is from residents’ taxes. Homeowners in these regions pay an average of $18,000 in Weston, Conn., to $43,000 in Bronxville, N.Y. Bronxville’s average property tax bill alone is more than twice the median household income of any of the poorest school districts on this list. By comparison, as little as 6 percent of school revenue is generated by local taxes in the poorest school districts, with state and federal funding making up the difference.

    24/7 Wall St. used the U.S. Census Bureau’s American Community Survey from 2006 to 2010 to measure the economic conditions of more than 10,000 unified school districts across the United States. After eliminating the districts with fewer than 10 school-aged children, those that are not unified and those that do not provide a K-12 curriculum, we identified the 10 districts with the highest median income among residents and the 10 with the lowest median income. We also considered income distribution, the percentage of children living in poverty, median home values and the percentages of adults holding high school and bachelor degrees in these school districts. From the housing information site Trulia, we obtained academic test scores in all of the districts. Information on academic performance for each district also was based on the 2012 U.S News  Best High Schools, the 2012 Newsweek Top High Schools and individual district websites. 24/7 Wall St. contacted assessor’s offices to obtain average property taxes paid in these areas and relied on the National Center of Education Statistics for information on school funding.

    These are the richest school districts in America.

    1) Scarsdale Union Free School District, N.Y.

    •  Median household income: $238,000
    •  Percent households earning $200,000+: 64.3 percent
    •  Percent households earning less than $10,000: 0 percent
    •  Expenditure per student: $26,742
    •  Percent local funding: 89 percent

    With a median income of $238,000, the Scarsdale Union Free School District tops 24/7 Wall St.’s list of the wealthiest school districts in the country. In the district, just 35.7 percent of households earn less $200,000 a year. Because Scarsdale collects an average property tax of approximately $31,000, the district is able to spend a lot on education. Scarsdale provides 89 percent of funding for its own schools and spends $26,742 per student. The district’s schools are also among the best in the country. Approximately 90 percent of eighth-grade students at Scarsdale Middle School meet or exceed NYSA’s standards, while in each subsection of the NYSA high school tests at least 90 percent of Scarsdale High School students had passing grades.

    2) Weston School District, Conn.

    •  Median household income: $209,630
    •  Percent households earning $200,000+: 59.3 percent
    •  Percent households earning less than $10,000: 0.8 percent
    •  Expenditure per student: $20,718
    •  Percent local funding: 90 percent

    Weston School District serves 2,550 students, primarily from households that earn some of the highest incomes in the country. According to the region’s assessor’s office, median property taxes paid per household are roughly $18,000. Weston spends $20,718 per pupil each year, almost 100 percent more per pupil than the national average of $10,591, placing the district in the 97th percentile in national spending. U.S. News ranks Weston High School as the fourth best high school in Connecticut.

    24/7 Wall St.: The most dangerous cars in America

    3) Riverdale School District, Ore.

    •  Median household income: $199,167
    •  Percent households earning $200,000+: 59.8 percent
    •  Percent households earning less than $10,000: 1.9 percent
    •  Expenditure per student: $16,807
    •  Percent local funding: 76 percent

    The only school district outside Westchester County, N.Y., or Fairfield County, Conn., among the 10 wealthiest districts is Riverdale School District, where the median household earns almost $200,000 a year. With a median home value exceeding $1 million, the district is able to collect property taxes as needed to fund its educational initiatives. Though the district spends less per student than any of its East Coast counterparts, this has not limited educational success. Roughly 80 percent of 10th-grade students met or exceeded state standards for math and more than 90 percent met or exceeded standards for reading. In both cases, Riverdale High School students far exceeded state averages for the Oregon Assessment of Knowledge and Skills tests.

    4) Chappaqua Central School District, N.Y.

    •  Median household income: $198,382
    •  Percent households earning $200,000+: 55.7 percent
    •  Percent households earning less than $10,000: 0.2 percent
    •  Expenditure per student: $24,705
    •  Percent local funding: 84 percent

    The Chappaqua Central School District in Westchester, N.Y., is regularly listed as one of the best school districts in the country. Chappaqua’s only public high school, Horace Greeley, is currently ranked the 14th-best high school in New York State by U.S. News, based on state test proficiency and college readiness. The enormous $110 million budget — more than $24,705 per student — is 84 percent funded by Chappaqua residents’ taxes. The median home value in Chappaqua is $929,700 and the average property taxes are $23,500, according to the New Castle assessor’s office. More than 78 percent of adults in Chappaqua hold a bachelor’s degree, which is more than three times the national average.

    5) Briarcliff Manor Union Free School District, N.Y.

    •  Median household income: $183,148
    •  Percent households earning $200,000+: 55.6 percent
    •  Percent households earning less than $10,000: 3.3 percent
    •  Expenditure per student: $27,938
    •  Percent local funding: 82 percent

    In the Briarcliff Manor Union Free School District, 55.6 percent of households earn more than $200,000. The median income of the district’s residents is $183,148 — more than three times the 2010 national median of $51,914. From the large property taxes in the region as well as other forms of local funding, the district is able to generate enough revenue from residents to spend as much as $27,938 per student. Briarcliff High School students significantly outperformed statewide averages on New York State Assessment tests. For all 10 sections of the tests, almost 100 percent of Briarcliff students recorded passing grades.

    Click here to read all of 24/7 Wall St.'s richest and poorest school districts

    24/7 Wall St.'s Michael B. Sauter, Ashley C. Allen, Lisa A. Nelson and Alexander E.M. Hess contributed to this report.

    30 comments

    The kids are in these school districts do well because they come from families that are hard working and successful. It all starts at home. Quit blaming the schools

    Show more
    Explore related topics: schools, funding, featured

Browse

  • featured,
  • economy,
  • employment,
  • personal-finance,
  • careers,
  • retail,
  • business,
  • buzz,
  • taxes,
  • cheapism,
  • workplace,
  • consumerman,
  • deals,
  • consumer-news,
  • good-graph-friday,
  • jobs,
  • unemployment,
  • retirement,
  • live-chat,
  • money,
  • career,
  • education,
  • food,
  • real-estate,
  • recession,
  • autos,
  • holiday-retail,
  • women,
  • college,
  • shopping,
  • money-911,
  • facebook,
  • housing,
  • wealth,
  • irs,
  • gas-prices,
  • work,
  • commentid-featured,
  • savings
Also

Top More on TODAY.com headlines

3155,10
Advertise | AdChoices

Archives

  • 2013
    • May (42)
    • April (66)
    • March (75)
    • February (72)
    • January (74)
  • 2012
    • December (57)
    • November (94)
    • October (75)
    • September (69)
    • August (51)
    • July (58)
    • June (76)
    • May (63)
    • April (62)
    • March (77)
    • February (69)
    • January (48)
  • 2011
    • December (62)
    • November (69)
    • October (63)
    • September (62)
    • August (58)
    • July (54)
    • June (42)
    • May (48)
    • April (43)
    • March (47)
    • February (36)
    • January (43)
  • 2010
    • December (65)
    • November (64)
    • October (51)
    • September (43)
    • August (16)

Most Commented

  • Here's how much Americans think families need to get by (239)
  • Storm after the storm: Consumers warned about fake Oklahoma charities (17)
  • Big gas savings! Kmart goes for giggles again (19)
  • How to tie the knot on a shoestring (17)
  • Buzz: Snooping bosses don't surprise many (6)

Other blogs

  • Hip2Save

More on TODAY.com

3155,8
© 2013 NBCNews.com
  • Today.com Money
  • About us
  • Contact
  • Help
  • Site map
  • Careers
  • Closed captioning
  • Terms & Conditions
  • Privacy policy
  • Advertise