Students Go to School on Textbook Rentals
Paying for a college education is expensive enough, so why
not look to cut costs wherever possible? That appears to be the motivation
driving an increase in textbook rentals on campuses across the U.S.
to a report by The New Haven Register, students can rent a
book for a semester at a fraction of the price of purchasing it. Interestingly
enough, the move to rentals hasn’t appeared to have financially hurt college
Larry Gal, manager of Southern Connecticut State University’s
bookstore, said students are pleasantly surprised to find they can rent a $100
textbook for as little as $23.
"We thought our sales would be down, but we’re actually moving
more product," Andrew Tranquilli, manager of the Quinnipiac University
bookstore, told the Register. "Some people won’t buy textbooks
and for once we’re offering" options.
At this point, roughly 35
percent of textbooks at Quinnipiac are available for rental. Those made available
for rental are ones that professors have chosen to use for long periods of
time. Those without a track record still need to be purchased.
Discussion Questions: Do you see textbook rentals growing? Are there other
categories of products that are primarily sales driven where you see a rental