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Rent-A-Text program to offer affordable alternative to buying textbooks

Loyola press release - June 1, 2010

Loyola University New Orleans will begin offering textbook rental services at the university bookstore this fall. Rent-A-Text will offer students a rental option on textbooks – savings that represent 50 percent or more off the price of new textbooks.

“We are eager to launch Rent-A-Text because we are committed to providing students with affordable textbook choices,” said Robert Reed, assistant vice president for student affairs at Loyola. “By providing the Rent-A-Text program, Loyola gives students the opportunity to more effectively make the most of their funds.”

Rent-A-Text will:

  • Be available to students in-store and online with in-store pick up.
  • Allow students to choose a preferred form of payment, including financial aid and campus cards.
  • Allow students to highlight and mark the books, consistent within normal wear and tear associated with coursework.
  • Give students the choice to buy their textbooks at the end of the term if they want to keep them.

Rent-A-Text will be offered through Loyola’s ongoing partnership with Follett Higher Education Group. The program is based on Follett’s comprehensive pilot program that saved students at seven universities nearly $2 million on their course materials in just one semester. More than 90 percent of students surveyed who rented textbooks expressed satisfaction with the pilot program.

“We have been at the forefront of cost-savings programs for more than a century,” said Thomas A. Christopher, president of Follett. “Helping to reduce the costs of higher education is part of our mission, and we look forward to working with Loyola University to deliver substantial textbook savings to students.”

Follett’s Rent-A-Text is expected to reach more than 500 campuses nationwide for the 2010 academic year.

Follett began managing the bookstore in May of 2009, following a competitive application process, and renovated and reopened the bookstore on the first floor of the Danna Student Center in September 2009. Follett operates more than 830 bookstores in the United States and holds accounts with 17 of the 28 Jesuit colleges and universities in the U.S.

For more information, contact the University Bookstore at 504-865-3262 or visit www.loyno.bkstr.com or www.rent-a-text.com or www.facebook.com/rentatext.