Price comparison site BookScouter presents an infographic with shocking facts about the cost of college textbooks
WILMINGTON, DELAWARE, USA, October 6, 2022 /EINPresswire.com/ — BookScouter, a popular used book price comparison platform and the best source for buyback price information, today introduced its latest infographics on university textbook prices.
Since prices have been rising for years, in the infographic, BookScouter has tried to understand the textbook industry and reveal the main pricing factors and how it all affects students. The platform dissected the costs of college textbooks and came up with some shocking statistics.
During the process of creating the infographic, BookScouter researched a lot of data. To obtain the most relevant information over the past two years, the research team scoured numerous student initiatives and reports from educational organizations and checked all official statistics available on federal and state websites. Thus, the given infographic on textbook costs accumulates the most real public data on textbook costs and expenses, from comparing textbook prices with average monthly household expenses to house income figures. publishing to overall student spending.
“The average cost of a textbook can equal the price a homeowner pays for a monthly electric bill, and a student needs more than 10 such textbooks in a semester,” comments Barbara Hartman by BookScouter. “In 2020, the U.S. book publishing industry made a profit of over $7.85 billion, which is almost equal to the U.S. construction market revenue for the same year. That’s a lot of money. The largest textbook publishers control 80% of the market. And the lack of competition allows them to change textbook versions every two to three years while setting higher prices, resulting in insane expenses for student textbooks, added to already high tuition fees.
At the same time, used textbooks are 25-50% cheaper than new textbooks. Electronic textbooks are on average 52% less expensive than new textbooks, and renting textbooks costs 61% less than buying them.
Hartman continued, “Textbook prices put a lot of stress on students. However, there is a way to reduce stress. With this infographic, we wanted to show that there are other options for getting textbooks without spending all your money: used books, rentals, and eBooks. You can buy used textbooks online and resell them. By doing so, you can save more and get some of your money back. At BookScouter, we do our best to make life easier for students by helping them find the best textbook deals.
College textbook buyout prices are constantly changing and are affected by student demand levels and seasonal demands. BookScouter makes buying and selling textbooks smarter by using historical price information and setting buy and sell price alerts (based on that information). Once the redemption or purchase price reaches the desired value, users receive an email and can react immediately.
To view the infographic, visit http://bookscouter.com/blog/average-cost-of-college-textbooks.
BookScouter is one of the largest book price comparison tools in the US market that has been helping students find the best textbook and buyback deals since 2007. It makes buying and selling easier and smarter, offering students more affordable textbook alternatives and a chance to get the most profit from the buyback. For more information about BookScouter and to register, visit https://bookscouter.com.
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