Textbooks have been an integral part of our education since old ages. With things are changing, conventional books are getting replaced by other options which are more technologically equipped and easily manufactured without any hassle.
Recently the merging of the two most famous textbook publishers McGraw hill education Inc and Cengage made a huge pandemonium in the education system of the United States.
These two companies contributed a huge portion in the development of quality books written by A-class authors for educational purposes for the longest period of time. Merging of these two companies will bring a huge decrement in the production of books as well, which could affect the study cost for foreign students.
The merging will definitely bring more profit to the companies but for the consumers, this is quite a disappointment in terms of firstly the production and the prices of the books as well. The merging of McGraw hill education Inc and Cengage will empower the sales and market value of all the other companies who have been suppressed under the power of them.
These companies now are hiking the prices of their published books in order to fill up the void created in the production by merging of McGraw hill education Inc and Cengage. The hiked prices are making education unaffordable for many national and international students. It has hiked the whole cost of pursuing a course especially the higher ones.
Also, both McGraw Hill Education Inc. and Cengage took the decision of bringing a massive change in their whole production as well. They took the decision of enhancing their online publication most because this restricts the second-hand book dealing system and also brings a good fortune for the companies.
If the second-hand book dealing system is suppressed, people will be bound to invest their money in the company’s authentic production. Also, they have been continuously upgrading their editions almost every year and keeping up with that is definitely going to make the books even costlier.
With online publications of books obviously, the second hand dealing of books will not be possible since an access code will be assigned to the customers who will buy them and that cannot be used for every other people. Hence the market value and the sales of McGraw hill education Inc and Cengage’s books will reach the epitome.
The company plans to sell the digital material for cheaper prices to students for making the situation kind of beneficial on both sides yet it still does not compensate the value of a hard copy of a book and also the cost that people saved by investing in getting second-hand copies of their books cannot be compensated with the assorted prices of the digital material sold by McGraw hill education Inc and Cengage.
This whole system is creating pandemonium among students, especially the ones going to college. Education is quite expensive in the US and on top extra expenses are going after books now, hence the whole education accessibility is becoming expensive for the majority of the international students.