Rental and digital options have shaken up the course material landscape, with each format increasing in popularity during the last decade. MBS Direct, leaders in course material initiatives, is introducing an improved rental program providing schools and their students with the type of service that offers flexibility and increased savings.
According to the most recent BISG survey, "Student Attitudes Towards Content in Higher Education," 24% of the textbook market consists of rentals. Students prefer renting their course materials due to better up-front savings and not needing to wait until buyback to recoup their initial expenses like they do with new or used print books. MBS Direct now manages its course materials rental program in-house, adding another cost-saving option to existing solutions like Guaranteed Buyback. The rental option is also available for many digital titles.
To prepare for increased rental demand and maximize your course material adoptions, ensure faculty submits their adoptions as early as possible. Your school will give itself the best chance to receive as many books in the formats you want.
Ability to pay with student financial aid and/or book vouchers
The flexibility in payment options ensures students can have the course materials they need before the first day of class. Student financial aid can be used on Marketplace, giving students the opportunity to save up to 90%, for new and used rentals, for schools that have transitioned to the new Online Bookstore, the purchases of new and used textbooks as well as digital materials. More payment options enable students to purchase their course materials from one place as opposed to multiple retailers and websites.
Increased title availability
More rental titles give your faculty a deeper, more diverse selection of formats from which to make their adoption choices, ensuring students have the highest quality materials for their classes.
Lower overall costs
With increased title availability, faculty will find the best combination of quality, cost-effective, course materials. The savings will be passed to their students and the educational standards they’ve always had will be maintained. Plus, students will have the choice of renting new or used books, offering additional savings opportunities.