For generations now the cost of higher education has been out of control. This isn’t exactly news to you, I’m sure, but it may surprise you to know that the cost of textbooks has grown even faster than the rapid increase in tuition costs.
Check out this graph from a recent report from the North Dakota State Auditor’s Office (full report below):
Those growth lines, both for tuition and textbooks, are a point of frustration. Despite armies of politicians implementing policy aimed at making higher education more affordable the costs just keep climbing at a rate far above what Americans pay for things like food and shelter and transportation.