Average Cost of College Textbooks [2023]: Prices per Year

"One response to rising prices is the adoption of course materials that are part of a shared resource system. These systems are most beneficial to students and faculty; meanwhile, publishers and institutions miss out on profits.

• 13% of postsecondary institution professors require the use of open education resources (OERs) for students.
• 39% of faculty members are aware of OER licensing.
• 61% of professors say that over 90% of their students have access to all required course materials such as textbooks.
• 16% of faculty have adopted free or open-source textbooks. 
• Less than 50% of professors replace textbook material with information they wrote or from other available sources.
• There was a shift in the teaching paradigm that was noted by professors currently preferring online materials vs. hard copy or printed textbooks for teaching. 
• 29% of higher educational faculty require an OER in their class, and 50% of faculty rank their course material at an A or B level...."