Return on Investment Calculator

Did You Know?

-Madison College Libraries and SACs answered a total of 75,348 questions in FY1718.

-On average 748,000 students visit the Madison College Libraries each year.

• Books borrowed: $27 Rounded average cost of a Madison College library book purchased FY14-15
• Reserve textbooks borrowed: $59 Average price of a used textbook according to the National Association of College Stores
• Magazines borrowed: $5 Estimated average newsstand cost of new magazine
• Newspapers used: $3 Rounded average newsstand cost of a Truax Library newspaper
• DVDs borrowed: $22 Rounded average cost of a Madison College library DVD purchased FY14-15
• Audiobooks borrowed: $27 Rounded average cost of a Madison College library audiobook purchased FY14-15

• 3 day iPads borrowed from the library: $99 Cost of renting an iPad 2 for 3 days from Rentech Solutions (price obtained on their website 5/15/15).
• Interlibrary loan: $17.50 Average cost in 2002 of borrowing a book via Interlibrary Loan according to a 2003 ARL report
• Group study room use per hour: $20 Cost to rent a room of comparable capacity at the Wisconsin State Law Library
• Info. lit. sessions attended: $33 per session
• Estimated minutes receiving computer help: $0.35 Rounded average of Madison College librarian salary and student computer help desk student worker divided by 60 (Both librarians and student workers answer computer questions)
• Estimated minutes working with librarian: $0.55 Rounded hourly wage of Madison College librarians divided by 60
• Number of articles accessed via library databases: $30 Average cost to purchase an online journal article based on experience and similar number in other library calculators
• Estimated hours spent using a library computer: $21/hour. Price charged per hour to use a computer with Microsoft Office and internet access at a local FedEx Office Print and Ship Center (Quoted over the phone 5/15/15)