September Newsletter: Textbook Rental Pros and Cons and New Scholarships
Textbook Rental: Pros, Cons, and Workarounds
We know that college costs continue to skyrocket. But tuition isn’t the only expense that keeps growing exponentially. Rising textbook costs are a major challenge for student budgets. One possible solution is textbook rental. Here are the benefits, drawbacks, and a few suggestions.
- Cost: Price differences between buying new and renting can be significant. A quick search for a popular business textbook proved this–$149.95 for a new book, but only $48.10 to rent.*
- Hassle: You don’t have to deal with the stress of selling the book back at the end of the semester.
- Choice: More and more online retailers are offering textbook rentals, including the major booksellers, Amazon and Barnes and Noble.
- No notes: You can’t highlight or write in your book. You’ll be charged the full price for the textbook if it’s marked up.
- No extras: You won’t receive the bonus materials (CDs, workbooks, etc.) that would be included with a brand new copy.
- No copy: You’ll only have the book for a limited time, so you won’t be able to use it for a future class.
- Paper: Hit the office supply store and get some sticky notes. There are tons of shapes and sizes that will help you “mark” up the book for future study sessions.
- Internet: Check online—you might find the bonus materials available for download on the publisher’s website.
- Purchase: Even if you are renting a textbook, you can still decide to buy the copy before the rental period ends.
When you need to save money, renting your textbooks might be the best option. Start with the ISBN (book identification number) and shop around for the best deal.
*Marketing Management (14th ed.), Philip Kotler and Kevin Keller, from Amazon.com.
New Resource: Stat Snapshot
Source: US Department of Education
Proven Advice to Minimize College Debt
You’ve probably read plenty of articles about cutting expenses and finding creative ways to pay for college so you graduate with as little debt as possible. But do you know what really works?
Our own expert crunched the data and created a summary of real-world strategies to minimize your debt. Read the full article and download “10 Smart Tips for Graduating With Little or No Educational Debt” now.
What’s So Special About September?
Back to school. That’s what we usually associate with September. But did you know that it’s also National College Savings Month? Even though you just got started with a new semester, it’s a good time to think about saving for the future and the potential financial benefits of state-run 529 plans. Learn more about college saving plans.
The Seven Scholarships
This new monthly section of the Financial Aid Newsletter will feature an intriguing list of seven scholarships that share a common characteristic. We hope this section will make you smile and inspire you to apply for more scholarships.
- Chick and Sophie Major Memorial Duck Calling Contest
- Klingon Language Institute Kor Memorial Scholarship
- Create-A-Greeting-Card $10,000 Scholarship
- Duck Tape Stuck at Prom Scholarship Contest
- US Bowling Congress Scholarships
- American Fire Sprinkler Association Scholarship Program
- North American International Auto Show Poster Contest
Here are some new scholarships to check out:
- Young Patriots Essay Contest — Deadline: Dec 15, 2013
- Engineering Undergraduate Award — Deadline: Dec 15, 2013
- CrossLites Scholarship Contest — Deadline: Dec 15, 2013
See more new scholarships.
Your Opinion Matters
Is there a particular topic or interest you would like the Financial Aid News to cover?
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