College Textbook Prices Focus of Congressional
Advisory Committee Hearing
GAO report finds book prices have tripled over past 20 years.
By Charles Dervarics
With many low-income students already struggling to pay for higher education, a federal advisory committee has opened an investigation into the rising costs of college textbooks and its effect on college affordability.
In mid-December, the Advisory Committee on Student Financial Assistance conducted its first regional hearing on the subject, which followed a report showing that book prices have nearly tripled in the past 20 years. That report, from the U.S. Government Accountability Office, also says textbooks are a significant cost for all students, particularly those attending lower-cost institutions. At community colleges, textbook costs represent about 72 percent of overall tuition and fees.
“I have received more communication in my office on this problem than any other education topic,” says U.S. Rep. David Wu, D-Ore., part of a bipartisan group of lawmakers who asked for the investigation. Coupled with stagnant federal financial aid, this trend threatens to deny students access to college, he says.
Overall, textbook prices have increased at twice the rate of general inflation since 1986, according to GAO.
“Every year that the cost of textbooks doubles compared to the overall average of prices is another year students experience an even greater barrier to a college degree,” says Wu.
