Renting Textbooks

In yesterday’s Daily Progress Brian McNeill reported that the University of Virginia’s bookstore has three new options for obtaining textbooks.

First, the bookstore will now let students rent books for a semester or the full year for a fraction of the book’s overall cost.

Students will also have the option of purchasing e-books. These electronic versions can be downloaded for 30 percent less than the print version.

Additionally, “students may purchase their textbooks as part of a guaranteed buyback program. When buying selected books, the UVa Bookstore will promise to buy it back at the end of the course for 50 percent of the book’s cover price, despite whether it was purchased new or used.”

“The new options are intended to provide a bit of financial relief for cash-strapped students. The price of textbooks nearly tripled from 1986 to 2004, jumping 186 percent, according to a 2005 report by the federal Government Accountability Office. The average American student pays $898 for textbooks and materials during the first year of college, according to the report.”

Bravo UVA. Bravo.

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