Students and their families saved more than $32 million in the 2015-16 school year due to multiple MBS Direct programs and strategies. Serving both K-12 and Higher Education customers, MBS Direct shipped more than 3 million items serving more than 625,000 students, offering a variety of options that not only saved money at the time of purchase, but also decreased the cost of ownership of course materials. Some of the options that lead to customer savings include a variety of purchase options based specifically on customer needs, availability of materials at the time of purchase and aggressive pricing on textbook buybacks.
According to a NBC News report, the cost of a college textbook has increased by 73% in the last 10 years, more than four times the rate of inflation. To combat the price hikes, today’s students are seeking options. MBS Direct offers an exclusive Guaranteed Buyback program on select titles, which allows students to know how much they will receive for their book when they sell it back at the end of the term. Knowing upfront how much they will receive for reselling their textbook, combined with the largest used texbook inventory, the student is able to minimize their cost of ownership.
MBS Direct has been able to offer customers a return on their investment, decreasing the overall cost-of-ownership for course materials. Across both Higher Education and K-12 partners, MBS Direct has been able to buy back more than 600,000 used titles and pay students close to $6 million this year.
The unique Student Savings Initiative MBS Direct has in place enables participating institutions to find additional savings in the form of shipping discounts, scholarships on textbooks and directly being able to lower prices. Schools work in a partnership with MBS Direct to decide how to reallocate revenue to pass the savings on to students.There are currently 64 institutions taking advantage of the MBS Direct SSI program, and last year, the program saved participating schools an additional $5.5 million.
"MBS Direct's commitment to providing value to our customers is as strong as ever," said Bill Dampier, MBS Direct President and COO. "We are constantly innovating and building relationships with content providers that enable us to not only save our customers' money, but enable them to be more successful in their courses as well."
A partnership with MBS Direct adds up to substantial savings, helping your bottom line, and an increase in satisfied customers. MBS Direct’s Higher Ed and K-12, figures for 2015-16 are impressive and 2016-17 is shaping up much the same way.