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Renting Textbooks Saves College Students Money

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Joe Turant pointed to the rent-a-text signs in Fairleigh Dickinson University's Florham Park, N.J., bookstore window last month and told his incoming freshman daughter, Caitlyn, "That's what you're doing."
With potential savings up to 50% off the price of a new textbook, the Colonia, N.J., father says renting textbooks will free up money for other things, such as the meal plan.

"If we can get them through rental, great. Otherwise, she's going to go online to try to find a lower price," says Turant, who jokingly reminded his daughter that "Dad's paying."

College students will be able to shop early and save hundreds of dollars on textbooks as more than 1,000 campus bookstores nationwide launch discounted rental programs this fall.

The timing is right: The federal Higher Education Opportunity Act, which took effect July 1, says colleges must list required course materials for students during registration.

"Students will be able to take advantage of more cost-saving options sooner, and they can save hundreds," says Nicole Allen, textbook advocate for the Student Public Interest Research Groups.

College textbook prices have risen at nearly four times the rate of inflation since 1994, with an average of $900 spent a year, Allen says.

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