As students across the country prepare to return to campus this fall, textbooks remain one of the priciest items on their shopping lists. However, several new developments suggest the textbooks market may be reaching a turning point.
College textbook prices increased three times the rate of inflation over the last decade according to a new report by the United States Government Accountability Office (GAO). Recent changes to federal law provide some relief to students, but more must be done to curb textbook costs permanently, it finds.
A watchdog group called CALPIRG has issued a report called Ripoff 101, documenting that the giant publishers are raising prices of college texts at a rate three times higher than the prices of general books.