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Sunday, April 8, 2018

Open Educational Resources: Key Findings




Open Educational Resources (OER) are popular....and gaining steam. Hundreds of colleges and universities now deploy OER resources - a trend which is only expected to grow in the next few years. OER is not just textbooks, however. They can include videos, PowerPoint slide decks, images, and other instructional material. But, textbooks are often singled out given the tremendous cost increases over the past 30 years. The following are some key data points that were identified regarding the use of OER:

90%  college textbook price increase from 1998 to 2016. Recreational book prices fell 35% during that same period.
82%  of students indicated they would do better in courses if the resources were free or reduced and they were not as concerned about the cost of purchasing expensive books.
80%  of the textbook market controlled by the "Big 5" publishers. In essence, they have a captive audience.
75% of students have delayed purchasing a required textbook due to price.
73% of students have never heard of Open Educational Resources.
65%  of students don’t purchase the required textbooks.
50%  of students choose courses and majors based on textbook costs.
33%  reduction in DFW rates among minority and Pell-Grant eligible students who switched to OER.
30%  of students use financial aid awards to buy textbooks.
26%  of tuition and fees - on average - spent for textbooks. (39% at community colleges)
13%  of students have considered dropping because they couldn't afford course materials.
2.6  the average number of books purchased by students in a year that are never opened.
80% of textbook costs reduced by using OER.

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