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Old 09-07-2013, 06:00 PM   #1
doctorow
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The college textbook ripoff charted by Bloomberg

This is not about the rising cost of college tuition. This is about the rising cost of college textbooks. And it's real bad!

Bloomberg has it as its Chart of the Day:

Quote:
The cost of college textbooks has more than doubled since the end of 2001 even as prices for other books retreated, illustrating soaring tuition isn’t the only thing to blame for rising higher education bills as the school year begins.

The CHART OF THE DAY shows university textbook prices surged 102 percent through July from December 2001 while the costs for recreational books declined 1.5 percent. Over the same period, the consumer price index measuring the cost of all goods and services rose 32 percent.
Did textbooks just get so much better, or is it a problem that professors, who are in charge of determining what their students have to buy, usually don't have any control over the cost of the textbooks?

[image: wohnai via Flickr]
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Last edited by Alexander Turcic; 09-08-2013 at 02:25 AM.
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