In the last two decades, fundamental changes in information distribution, in the general economy, and in the behaviors of faculty, students, and library staff have problematized the question of an academic library’s value and how it can be measured. This article reviews those changes and, drawing on research linked to the Collegiate Learning Assessment exam and Project Information Literacy, identifies undergraduate learning outcomes as an educational "pain point" that libraries are well-positioned to address. It argues that measuring libraries’ value in terms of supporting improved undergraduate learning outcomes will lead increased funding prospects and greater relevancy.
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