October 4, 2016 — Update for Fall 2016: Students using Lyryx supported OER save an estimated $1.2 million

"I'm a university student in my first year and after finding out about all the textbook fees that go along with post-secondary, it was really nice to see an open, free digital textbook at no cost."

Calculus student at the University of Calgary




Thanks to Lyryx with Open Texts (LOTs), more and more students are accessing free open source textbooks and affordable online assessment! While last year’s cost savings were significant, gains in existing subjects and the addition of Introduction to Financial Accounting and Statistics have resulted in students saving almost $500,000 MORE this year compared with last Fall!

LOTs registrations from this year and last show total cost savings compared to traditional textbooks and other online assessment products.

Fall 2016 OER Registration
Number of Students Fall 2015 Savings* Cost Savings*
Economics
(Intro to Micro/Macro)
3970 $326,000 $365,000
Linear Algebra 3803 $255,000 $501,000
Calculus** 1484 $133,000 $176,000
Statistics 532 $68,000
Intro Accounting 562 $67,000
Business Math 139 $8,000
Total: $714,000 $1,185,000
* The cost of textbooks varies across schools and there are many formats available for students (new, used, or rental); our comparison is against the list price of a hard copy textbook bundled with the publisher online assessment.

** We assume that the previously used hard copy textbook can be used for two one-semester math courses.

Registrations in LOTs courses continue throughout the year, so these numbers will continue to climb. Further, our new Business Math and Intermediate Accounting LOTs products should perpetuate this trend in the coming semesters.




April 29, 2015 — Lyryx launches new instructor tools for Open Texts!

New features include the ability add/remove/rename/re-order assignments, and copy assignments within a course or between a courses. The new tools remain easy to use, with a modern feel. More details are HERE.




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