July 9th, 2009 | Category:
Education Industry
College costs extend far beyond tuition- with housing, commuting, and living expenses all contributing to a pricey proposition, and a potentially very expensive degree. College graduates continue to rack up debt at an alarming rate, with 60% of new graduates carrying quite a financial burden, including graduates of the class of 2007 who owe an average of $22,700 each, as reported by the College Board. Textbook costs add significantly to the financial grief, and they’ve been a cause for complaint from college students of multiple generations. In fact, textbook prices are such a contentious issue that even Barack Obama entered the debate during a speech from his presidential campaign run, loudly proclaiming that “Books are a big scam.” He went on to explain that “law professors [who] write their own text books and then assign it to their students… make a mint. It’s a huge racket.”
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