Follett Higher Education Group Reports Increased Demand for Textbook Rental Service

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Rent-A-Text program expanding nationwide and surpassing initial projections

The continued demand for our rental program is a testament to the need for solutions that address rising education costs. We are proud to work together with campuses on driving down the cost of course materials for students.

Follett confirmed today that more than 400 bookstores at colleges and universities throughout the country will provide textbook rental to their students this fall via the company’s Rent-A-Text program. This milestone marks a significant expansion of Rent-A-Text’s availability and an increase in the projected number of stores to offer the program.

In January, Follett announced that it expected more than 400 campuses to adopt Rent-A-Text for the fall term. Having reached its initial goal in less than three months, Follett today projected that textbook rental will be available in more than 500 Follett managed stores – reaching a substantial percentage of the five million students Follett serves across its bookstore network.

Rent-A-Text saves students more than 50 percent on the price of new textbooks to help reduce education costs. Currently available at 27 schools, Rent-A-Text saved college students nearly $2 million on textbooks costs in the fall 2009 term at just seven schools.

“Response from students, faculty and college administrators has been tremendous,” said Thomas A. Christopher, President of Follett Higher Education Group. “The continued demand for our rental program is a testament to the need for solutions that address rising education costs. We are proud to work together with campuses on driving down the cost of course materials for students.”

Rent-A-Text allows students:

  •     To rent books in-store and online; online purchases will be available for in-store pickup and return
  •     To choose a preferred form of payment, including financial aid and campus cards
  •     The freedom to highlight and take notes all within the normal wear and tear associated with coursework
  •     The option to buy their textbook at the end of the term if they would like to keep the book

For the most up-to-date list of campuses planning to offer rental this fall, visit the Rent-A-Text Web site at http://www.rent-a-text.com. The site includes additional information about Rent-A-Text, including videos from students who have benefited from the program, a list of FAQs and a faculty resource section.

About Follett Higher Education Group    
Follett Higher Education Group of Oak Brook, Illinois, is the leading provider of bookstore services and the foremost supplier of used books in North America. Follett services five million students and over 400,000 faculty members through more than 850 stores. Follett also services more than 1,600 independent campus stores with its wholesale services, and has the most visited ecommerce collegiate website, efollett.com, that provides services and products through a network of more than 900 campus stores.

About Follett
Follett Corporation is a $2.7 billion, privately-held company that provides products, services and solutions to the educational marketplace. Follett Corporation was founded in 1873, and today is headquartered in River Grove, Illinois.

Contact:

Elio DiStaola
800-323-4506

Alex Jeffrey
312-932-2827

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Elio DiStaola
Follett Higher Education Group
800-323-4506
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Alex Jeffrey
Fleishman-Hillard
312-932-2827
Email >
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