From Inside Higher Ed:
Cost-conscious students can of course save money with used or online books and recoup some of their cash come buyback time. Still, it’s a steep price for most 18-year-olds.
But soon, introductory physics texts will have a new competitor, developed at Rice University. A free online physics book, peer-reviewed and designed to compete with major publishers’ offerings, will debut next month through the non-profit publisher OpenStax College.
Using Rice’s Connexions platform, OpenStax will offer free course materials for five common introductory classes. The textbooks are open to classes anywhere and organizers believe the programs could save students $90 million in the next five years if the books capture 10 percent of the national market. OpenStax is funded by grants from the William and Flora Hewlett Foundation, the Bill & Melinda Gates Foundation, the 20 Million Minds Foundation and the Maxfield Foundation.
A lot more in the article. Thanks to Michael von Glahn for the link.