Quote from OA
"TYCO Print is a printing service where professors can upload course files for TYCO to print out for students as they order. Shorter packets can cost around $20, while longer packets can cost upwards of $150 when ordered with the cheapest binding option."
And later in OA it states that the cost to a student is $0.12 per double sided sheet of printing.
In all of my teaching career here in the UK, the provision of handouts has been a central cost. Latterly I'd send a pdf file with instructions and the resulting 200+ packs of 180 sides would be delivered on a trolley printed, stapled with covers. The cost was rounding error compared to the cost of providing an hour of teaching in a classroom (wage costs, support staff costs, building costs including amortisation &c).
How is this happening?
Two things
Public universities are always underfunded.
Universities can get more money by putting the cost on the students and then they cover it with gov grants and loans.