Inflation Alert: College Textbooks

college textbooks

Recent data compiled is showing college textbooks are rising at a double digit rate. The National Association of College Stores has price comparisons on new textbooks college students buy.

    Average Price of New Books
    2007: $56
    2015: $72
    Price increase of 22%

Here are some other stats concerning college students and textbooks

    Average student spending for a semester of course materials
    $509

    Average college bookstore profit margin for a new book
    21.1%

    Percent of students who buy their books at their college bookstore
    47%

    Percent of students who say they have skipped buying a textbook because it was too expensive
    65%

H/T StatisticBrain.com

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