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.
Why do college textbooks cost so much money?
Lack of used textbooks: Publishers make no money when too many used books are in circulation. As a consequence, they will often release new editions every few years in order to make the used books obsolete. The cost of this practice is offset by the high price students pay for books.
Are college textbooks expensive?
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 do college students spend on textbooks?
The College Board reports that between course materials and textbooks, students can expect to spend at least $1,200 in 2017-2018 and between $1,240-$1,440 for the 2018-2019 academic year.
What is the most expensive college textbook?
Highest Priced College Textbooks
- Acta Philosophorum The First Journal of Philosophy: $1,450.
- Encyclopedia of International Media and Communications: $1,215.
- Management Science An Anthology: $850.
- History of Early Film: $740.
- Biostatistical Genetics and Genetic Epidemiology: $665.
- Companion Encyclopedia of Psychology: $600.