Washington, DC and Oberlin, OH (PRWEB)
April 20, 2017
Today, Pearson and indiCo announced a new partnership to expand Pearson’s recently announced textbook rental program to up to 1,500 independent campus bookstores. Beginning this fall, 50 popular Pearson titles will be available via a “rental-only” model, which will provide students with affordable access to the selected titles. This is the first partnership that allows on-campus bookstores to participate in Pearson’s rental program and follows an agreement with an online retailer last week. All titles under this program can be rented for under $100, with electronic versions of these titles being the lowest-cost option. Pearson anticipates expanding the titles included in this program over time.
A subsidiary of the National Association of College Stores, indiCo is a collaborative of campus stores committed to supporting affordability, student success, and the academic missions of higher education institutions. The Pearson-indiCo partnership gives students access to affordable course materials along with the convenience and customer service provided by the local campus store.
In January, Pearson announced a two-step plan to take on the issue of college affordability. That plan immediately reduced the prices of 2,000 e-book titles by up to 50 percent. The second phase of the effort ensures that students can rent popular print titles online and in-store through trusted retailers. This rental-only model allows Pearson to reduce prices by up to 60 percent and ensure that all students have access to affordable textbooks. Campus bookstores will receive the books on consignment from indiCo, lowering the inventory cost for bookstores and streamlining the supply chain so savings can be passed on to students.
“Students have been asking us for more choices and better prices on their course materials and–increasingly–for the option to rent their textbooks,” said Tim Bozik, president of global product at Pearson. “Pearson is committed to increasing access and affordability of course materials for faculty and students and we are excited to work with indiCo to bring independent campus bookstores these high-quality Pearson materials in a way that works for students.”
“indiCo is committed to helping independent campus stores offer students a range of course material options at the lowest cost possible,” said Bob Walton, NACS chief executive officer. “Rentals can provide a significant cost savings, but online returns can be a hassle and it’s easy for students to select the wrong materials when shopping with online retailers. This rental program partnership with Pearson allows students to save on what they need to be successful in the classroom without sacrificing the convenience and purchasing assistance provided by the campus store.”
This program is part of…