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These costs factor in tuition, housing, food, university fees, and supplies such as textbooks, manuals, and uniforms. Two year public universities, such as a community college, factor in tuition and fees, and have an average yearly cost of $3,730. The average tuition and fees for for-profit institutions were 14,600. [1]
The College Board reported that for the 2007-2008 academic year an average student spent an estimated $805 to $1,229 on college books and supplies. Making high quality open textbooks freely available to the general public could significantly lower college textbook costs and increase accessibility to such education materials.
There is a misconception that there was no similar increase in financial aid to help cover the costs of tuition. This is incorrect. In 1965, $558 million was available for financial aid. In 2005 more than $129 billion was available. As college costs have risen, so has the amount of money available to finance a college education.
During the 2023-24 academic year, full-time resident students at public four-year colleges paid an average of $11,260 in tuition and fees, while non-resident students paid an average of $29,150.
The Affordable College Textbook Act is a United States legislative bill intended to support use of open textbooks. It was introduced on April 4, 2019, to the 116th Congress by four senators ( Dick Durbin of Illinois, Angus King of Maine, Kyrsten Sinema of Arizona, Tina Smith of Minnesota), and one representative ( Joe Neguse of Colorado). [ 1 ]
In the past, you could deduct college expenses using the Tuition and Fees Deduction. But this deduction was phased out in 2020, and instead there are several college credits that have expanded.
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With higher education costs on the rise, many students are becoming sensitive to every aspect of college pricing, including textbooks, which in many cases amount to one tenth of tuition costs. The 2005 Government Accountability Office report on college textbooks said that since the 1980s, textbook and supply prices have risen twice the rate of ...