Each year, Arthur Lakes Library negotiates with publishers and vendors to provide access to the databases and journals that advance Colorado School of Mines world-changing research and transformative instruction. Unfortunately, the cost of these resources rises by 4-8% annually, far outpacing the rate of inflation and the realistic constraints of university budgets. When we negotiate with publishers, we seek contracts that are affordable, sustainable, and transparent, but sometimes publishers insist on significant increases that far exceed available funding. Mines is not alone in challenging these unsustainable increases- academic libraries of all sizes across the nation face the same reality. See news from University of California at Berkeley, University of North Carolina, University of Oklahoma, Kansas State University, and University of Iowa for a few examples.
The library will employ a stopgap strategy of utilizing endowment funds to help mitigate the impact but existing subscriptions will still need to be cancelled.
Please check out the FY 21 Cancellation tab for details
|Institution Name||FTE||Total||Per Student|
|California Institute of Technology||2,233||$3,175,554||$1,422|
|Massachusetts Institute of Technology||11,276||$11,407,017||$1,012|
|New Mexico Institute of Mining and Technology||1,655||$1,293,500||$782|
|Michigan Technological University||6,641||$3,129,787||$471|
|Worcester Polytechnic Institute||6,127||$2,672,360||$436|
|Georgia Institute of Technology-Main Campus||27,894||$8,992,424||$322|
|Rensselaer Polytechnic Institute||7,989||$2,463,255||$308|
|Colorado School of Mines||6,085||$1,778,755||$292|
|Missouri University of Science and Technology||7,357||$1,582,849||$215|
|South Dakota School of Mines and Technology||2,313||$455,083||$197|
|New Jersey Institute of Technology||9,041||$1,595,778||$177|