College textbook prices have increased at nearly four times the rate of inflation for all finished goods since 1994 and textbook publishers engage in practices that artificially inflate textbook costs, according to a new study by the Student PIRGs. With textbook costs already high - an average of $900 a year, or a fifth of tuition at a public four year university - the Student PIRGs called on publishers to stop needlessly inflating textbook costs.
University professors and students from around the country came together today to release a new report which finds that textbook publishers engage in a number of market practices that drive up the price of textbooks for students.
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