The Unfortunate Economics of Textbooks

University students across Canada are not just going into debt for tuition, but now for textbooks as well.
The Unfortunate Economics of Textbooks
A student studies legal textbooks in the law faculty at Humboldt University in Berlin, Germany, on Oct. 11, 2011. Adam Berry/Getty Images
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University students across Canada are not just going into debt for tuition, but now for textbooks as well.

Each semester hundreds of thousands of students pay upwards of 1,000 dollars for their textbooks, according to the Canadian Federation of Students.

Science courses often have required textbooks of 250 dollars each.

In the past 15 years, the cost of textbooks has increased over four times the rate of inflation.

The United States Bureau of Labor Statistics shows that the price of textbooks has increased by more than 800 percent in the last 30 years. This is triple the cost increase of the Consumer Price Index.

Karlie Potts
Karlie Potts
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