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Textbook rentals easing financial burden for college students

Textbook rentals easing financial burden for college students

For college students, tuition is just the beginning of the financial burden. Textbooks can add up to thousands of dollars...but new options are starting to catch on. And as Alexis Christoforous reports, the trend is saving students a bundle.


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As a science major in New York, Samuel Adedeji struggles with the cost of textbooks. Hundreds for his biology class alone.

Finding used copies is one way to save money. But a new, even cheaper alternative is catching on.

More students are renting their textbooks. Like this physics book, which would cost 150-dollars to buy new. The rental comes to about 64 dollars. Barnes and Noble recently started the service at 25 college bookstores and plans to expand.

Which also means students aren't stuck with books they might never open again. And for families already struggling with tuition, room and board, the savings make a difference.

Yulia's business books can add up to over 400-dollars each term.

Chegg.com was one of the rental pioneers and claims to have saved students more than 145-million dollars since 2007. But just as the trend takes off, another revolution is gaining ground.

E-readers like the new i-Pad and Kindle are creating a larger market for digital textbooks. And while three out of four students say they still prefer print... Some of the biggest publishers are now adapting books for the electronic page.

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