I mean, you could save every student maybe 600 a year if the university purposely used books that are one edition out of date. That's the same as lowering tuition around 5% at most places. Would this really affect the quality of education in any meaningful way?
"Strategic partnership" sounds like another way of saying the university gets some money out of the deal at the expense of their students pocket books.
How is this justified from the position of someone who maintains relationships with these companies?
However, Top Hat implemented a program where the students could trade in their old clicker and get a 5 year Top Hat subscription. Plus a "Lifetime" Top Hat subscription is cheaper than buying a clicker, so students have seen it as a net win.
We do not receive financial compensation from Cengage, Pearson, or McGraw. The strategic part is that they offer more services to us, let us test new stuff they're toying with, and help our profs develop custom content.
I still take classes, so I definitely feel the hit of these textbook prices. It's also why I've advocated for pushing more towards a "direct integration" method of provide course content in our LMS. Students pay ~$60 for access to the content, instead of $100+ for a textbook. It still adds up, but it's a way to start to lower costs.
(and the prices keep going down. I just found out yesterday that one of our vendors is dropping the price of a range of course content because of high adoption rate)
You also don't buy textbooks until you actually need them. I know many students who have felt pressured into "saving money" on "all 4 years!" plans only to find they don't need a product most terms or they stay and extra semester/term/year and need to spend even more than they were planning.
Top Hat has been surprisingly enjoyable to work with from a contractual side. They've been accommodating to our needs and worked with us to improve their product -- I'm actually working on a SOW with them right now where they'll be adding new features for us at 0 cost.
Even though we have strategic partnerships with these large publishers, I wouldn't mind seeing them go by the wayside in favor of integrating more of Top Hat's digital content.