Saving students money on their course materials is one of the things we here at MBS Direct are most proud of. We recognize the kinds of budgets the majority of students live on, and we’re happy to be able to provide any measure of financial relief.
In 2014, we served a total of over 700,000 students who purchased their course materials from their schools’ personalized MBS Direct Virtual Bookstores. When all of the savings were summed up, students ended up saving over $35 million* in 2014 alone by utilizing a number of different programs:
|Total Shipping Savings||$792,635.14||$2,863,254.02||$3,655,889.16|
|Total Used Savings||$4,284,241.35||$8,726,061.71||$13,010,303.06|
|TOTAL COST SAVINGS||$10,728.957.14||$26,595,560.14||$37,324,517.28|
*All numbers represent savings from Jan. 1 - Dec. 31, 2014. Savings based on new list prices.
One such program is Guaranteed Buyback, the only program of its kind in the textbook industry. When students buy a book with a Guaranteed Buyback logo, they will see at the time of purchase exactly how much they will receive for the book at the end of the term. That way, there is never any confusion over how much a student will receive for selling back their book.
We’re also excited to say that in its first year of existence, 33 schools participated in MBS Direct’s Students Savings Initiative(SSI), saving over an estimated $4 million. Schools that enroll in our SSI program work with an Account Manager to determine how to best reallocate commission in order to provide increased cost-savings to their students.