A Victory for Affordability: Student Spending on Course Materials Declines 22% During the 2021-2022 Academic Year
Average student spending on college course materials, including textbooks and digital materials, declined 22% during the 2021-2022 academic year according to new data reported today by independent research firm Student Monitor. The trend continues a decade long decline according to the research firm, with student spending on the category dropping a dramatic 44% between the 2011-12 and 2021-22 academic years.
“Course materials are more affordable now than at any time in the past decade,” commented Eric Weil, Managing Partner, Student Monitor. “Student spending dropped 22% during the most recent year, coming in at an average of just $314, in large part because Students are tailoring their purchases to the requirements of their individual courses, and taking full advantage of some of the new affordable options.”
The $314 in average student spending on course materials during the 2021-2022 school year reflected an average $101 spend for new, printed textbooks; $69 for used, printed textbooks; $47 for rented, printed textbooks; and $97 for eTextbooks.
more at source: https://publishers.org/news/%ef%bf%bca-victory-for-affordability-student-spending-on-course-materials-declines-22-during-the-2021-2022-academic-year/