Textbook Prices Have Risen 1000% Since 1977 – Education News

By Jace Harr

The price of a college education has skyrocketed in recent decades, but it’s not only tuition that contributes to student loan debt. Textbook prices have increased more than 1000% since the 1970s, according to a recent NBC documentary.

The Bureau of Labor Statistics (BLS) found that between January 1977 and June 2015, the price of textbooks increased 1041%, which is three times the rate of inflation in the same period. A student at a public college is estimated to need $1,225 for textbooks this year.

Mark Perry, a professor of economics at the University of Michigan who has tracked textbook prices for years, said:

  • College textbook prices are increasing way more than parents’ ability to pay for them.

via Textbook Prices Have Risen 1000% Since 1977.

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