Students frequently rent DVDs to watch in their dorm rooms, but soon they may start checking out something much heavier and pricier: textbooks.
Saying they offer an alternative to the textbook industry's bloated prices, a growing number of companies are renting new and used titles at reduced prices. Among them are Chegg, BookRenter and the Follett Higher Education Group, which will test drive a rental service at campus bookstores this fall. They join a number of colleges that have already started their own on-campus programs.
With all of them, the concept is essentially to pay to check out textbooks as if they're out of a library -- only there are more copies and titles, and they can be used for longer periods of time. Through Chegg, for instance, a student searches for a book and rents it for up to a certain number of days, such as up to a quarter or a semester. Users are promised discounts of 65 to 85 percent off the list price, but if they don't return a book on time, they are charged full price. The same punishment applies to doodling in the margins, since the books are meant for reuse. As a disclaimer on Chegg warns: "Highlighting in the textbook is OK -- to a certain extent. Writing in the book is not accepted."
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