Saving Strategy: Rent Your Text Books!
Posted by Deborah Fox on 02 Sep, 2010
The average student spends at least $800 per year on textbooks alone each year, but an up-and-coming trend of textbook rentals could keep some of that money where it really belongs–in your savings account!
Same Day Textbooks
When I wrote about textbook rentals last time, it was still an online-only option, but a new feature from Rent-a-Text.com has the company partnering up with school bookstores nationwide. That means that students can walk into their bookstore, rent a book, and take it home with them that same day–no waiting, no hassle with return postage. To find out if your student’s school participates in this program, simply type its name into the search box on their home page.
Online Options
If your student’s school doesn’t offer on-campus book rentals–or if you simply want to shop around–you can look at the online book rental options as well. Rent-a-Text.com has an online rental option, as do other websites like BookRenter.com, CampusBookRentals.com, and Chegg.com. Each of these offer advertised savings of 50 to 90% over purchasing books brand new.
With most sites you simply find your student’s book (usually the ISBN is the safest search option–you want to make sure you order the right text!), rent it, and your student receives it in the mail a few days later. When the semester is over, they simply send it back. Most of these sites even include free return shipping as part of the deal.
What’s the Catch?
Usability options are different with each website, so you’ll want to do some research before you choose which one to use. Some rental companies allow students to highlight in the books, while others consider any marks in the book to be “damage” and will refuse to take them back. In this case students are required to purchase them instead, which defeats the whole purpose of renting.
Other Options
If your student prefers to own his or her textbooks for optimal markup and study-session highlighting, you can still shave a good portion off that $800+ price tag. Try one (or all) of these ideas to help save even when you’re buying:
- Buy used! Used textbooks are often in like-new or barely-used condition, and they cost a fraction of the price.
. - Skip the bookstore. Bookstores tend to mark up the price even on used books, so I usually recommend perusing the used books at sites like Half.com or Amazon.com (both of which offer books sold by individuals or companies willing to offer a significant price cut). These are great places to sell books back at the end of semester, too.
. - Buy an old edition. Most students can still work with a previous edition of a textbook, and they sell for a fraction of the price. Your student may have to borrow a friend’s book for an updated chapter, or figure out slightly different page numbers, but a little extra effort can mean big savings. Just be sure to confirm with the professor first to make sure the earlier edition will work OK for the class. A quick email from student to teacher can set the record straight.
All the best,
Deborah Fox
![]()
Deborah Fox is the founder of Fox College Funding®, a nationwide company that helps families find creative ways to reduce their college costs.
Subscribe in a reader
Subscribe by Email
Alabama’s Birmingham-Southern College officials had a shock when they recently reviewed their financial aid spending: they discovered that they have been over-awarding financial aid to students for years, an error that will cost them millions of dollars.
A new study (published in the scientific journal Research in Social Stratification and Mobility) suggests that it can–and with a substantial body of evidence to prove it. Research for the study was extensive, surveying over 70,000 people. If you think that is impressive, wait until you read this: the study covered 27 countries over a period of two entire decades.
It’s that time again–students of all ages are heading back to school. Whether you’re parenting high-school aged children or sending your first (or second, or third!) off to college, you’re probably feeling the pressure of getting your back-to-school to-do list started–and I have a helpful group of articles to get you on the right track!
With the economy still sluggish and students struggling to make ends meet, it has become increasingly common for students to pull out the plastic to cover the college bills–and that could mean trouble in a world where student debt seems to be ever increasing.
You’ve probably heard (or read) a lot about grants, scholarships, and loans, but many parents have never heard of Work-Study - a common piece of the financial aid pie. If you, too, are in the dark, read on!
Since the job market first took the plunge, new college graduates–and even new college freshmen–have worried about the effect it will have on their future careers. Last year, with the floundering economy and the job market growing fiercely competitive, many students became more concerned about finding a job than about what a job would pay.
The elite private universities have often been forerunners when it comes to offering generous financial aid packages. In fact, back in 2007 over a dozen schools–including Dartmouth, Amherst, and Harvard–committed to
Your student may already seem bitten by the summer-bug, but Senioritis will have to wait–AP review season is in full swing, and the tests are now only about