In the United States, one issue that has found its way to the forefront with politicians and others is the rising costs of a college education. While many discussions focus on tuition and fees, little is said about the high cost of purchasing textbooks. Based on statistics from the U.S. Consumer Price Index, the cost of textbooks has risen 191% between January 1998-July 2018. To put this in perspective, the costs of all other items in the U.S. economy have risen only 55% in that same period of time. Because of the increasing financial pressures, many college students are facing, some are taking drastic measures. While surveys show 71% of college students regularly ask their parents for financial assistance, these same surveys report a staggering 41% of college students are now choosing to skip meals in order to save money for book purchases. Rather than go through this awful ordeal while in school, one of the best options for more and more students is renting textbooks in order to save money for other expenses, such as food and rent. To learn more about this, here are some great benefits to renting rather than purchasing books.
According to a survey by the American Enterprise Institute, 85% of college students consider buying books to be one of their top sources of stress. Even though many students try to offset costs by working one or more jobs while in college, they often still cannot make ends meet when trying to buy books, pay rent, and purchase food. As a result, most students who report skipping meals usually choose to skip breakfast, although many also skip dinner since they are up late studying. To keep from having to do this, renting books can help students save tremendous amounts of money. In fact, most studies show students who rent textbooks save as much as 90% off the cost of purchasing the book.
By renting books, college students have much greater flexibility when it comes to not only paying for their books but also how long they will need to keep the books. For most book rental companies, students have several rental options, including:
As an example, if a student is enrolled in summer school for a class that may last only four weeks, they can do a short-term rental. Also, no matter which option they select, if they need to keep the book longer than anticipated, they can extend the rental at a very low rate.
Who Keeps Their Books?
For most students, once their final exams are over for a class, they rarely if ever open their books for that class ever again. Because of this, it makes little sense to spend hundreds of dollars to buy the book, when it can instead be rented for pennies on the dollar. Along with this, renting books also saves you the trouble of having a dorm room or apartment filling up with bulky books that do nothing but collect dust and are always being moved from one table to another. However, should you come across a book from one of your favorite classes that you would actually like to keep, that is not a problem. If you want, you can purchase the book at any time at a low price, since what you’ve already paid in rental fees will be deducted from the purchase price.
Easy Returns and Free Shipping
If you are worried about returning your books once you are finished with classes and any high shipping fees that may be required, put your mind at ease and buy yourself that hamburger for lunch. When you choose to rent your books, returning and shipping are always free and easy. In fact, it is as easy as:
1. Being sent a reminder about your due date
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2. Print your pre-paid shipping label and drop off your books at a shipping store
3. Remember to re-use the box in which your books arrived
4. Read your email confirming your books were received
It’s as simple as these four steps. Once you know your books arrived back to us safely, you can put your mind at ease and get together with your friends for a well-deserved meal.
No More Stressing About Buyback Prices
If you have ever found yourself carrying a large load of books across campus to the bookstore for a buyback, you know the process is very stressful. Not only are you trying to get a bunch of heavy books across campus, but then you are stuck in a long line with your fellow students. Worst of all, once you get to the counter, you have a salesperson offering you $20 for a book that cost you $200. Needless to say, you are getting ripped-off and feel like a sucker. However, if you are smart and choose to instead rent your books, you can leave the stressful buyback process behind, and instead, spend that time enjoying a leisurely meal with the money you saved.
Since college is stressful enough under the best of circumstances, it makes no sense to put yourself through the additional stress of skipping meals just so you can purchase overpriced books. By choosing to rent textbooks for your classes, you’ll not only save hundreds if not thousands of dollars but also find yourself with enough money in your pocket for a good breakfast each morning.