Over the course of a year, the average college student spends more than $1,200 on books and materials, according to the College Board.
Of course, the problem with the high and rapidly rising cost of textbooks isn’t new.
How much does the US spend on textbooks?
The average cost of textbooks is: Students: $1,168 per year. Schools: $250 per student per year.
What is the average cost of a college textbook?
According to the most recent survey data from the College Board, college students spent roughly $1,290 on books and supplies during the 2018-2019 academic year. While virtually every college textbook today is available digitally, hardback textbooks can be costly.
Why are textbooks so expensive?
Textbooks are costly because publishers release expensive new editions each year, undermining the used-book market, says Alex Neal, CEO of Campusbooks.com. “Since the publishers don’t make any money off used-book sales, their business model is to make the old editions obsolete and force you to buy a new book,” he says.
How much are college books per semester?
The National Association of College Stores (NACS) says the average college student will spend $655 on textbooks each year, but with a single textbook easily costing as much as $300, that total can easily be much higher. In fact, the College Board puts the annual cost of books and materials at $1,168.