I haven't counted, but it holds enough paper and dividers for my use, and nice medium sized binder

Great, sometimes I miss the paper when making a 3 hole punch and this allows me to use all three holes in my three ring binder.

It's also got two inside half-pockets for tucking in loose papers

I download a LOT of piano sheet music (LEGALLY!), and got tired of having a lot of loose paper floating around all the time, so I decided to put it into binders using plastic sleeves

Another one came covered in brown bits of sticky paper all over it.

But I think this is a good feature, especially for school children that often handle their notebooks roughly--more security against losing papers held inside by those rings

The interior pockets inside the front and back cover come in handy for storing important papers that may be needed quickly.

My daughter is in third grade and is required to have a binder that houses her organizer and important papers to bring home each night.