Chegg Saved Students and Their Families More Than $500 Million in 2014

Chegg Study Helped Students Cut Out Stress and Prepare Better for Exams

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Dec 31, 2014, 09:00 ET

SANTA CLARA, Calif., Dec. 31, 2014 /PRNewswire/ -- Chegg, the Student Hub, today announced that renting textbooks on Chegg.com saved students and their families more than $500 million in 2014 (versus the cost of buying them new at the campus bookstore).

"Putting Students First enabled Chegg to disrupt the textbook business and we are very proud to have helped save students and their families more than half-a-billion dollars this year," said Dan Rosensweig, CEO and Chairman of Chegg. "Our goals have always been to make college more affordable and improve student outcomes; getting better grades, graduating and getting better jobs are the measures that matter most, and we are similarly proud of the impact Chegg Study is increasingly having in and out of the classroom."

Chegg also announced that students turned to Chegg Study for help with their studies more than 172 million times in 2014. In a survey of Chegg Study users earlier this year, 88-percent said Chegg Study helped them better understand and complete their assignments, 75-percent said Chegg Study helped them better prepare for exams, 85-percent reported less stress from their homework and, most tellingly, 85-percent would recommend Chegg Study to a friend.

To learn more about how the Student Hub can help you, visit Chegg.com.

About Chegg
Chegg puts students first and is proud to have saved students and their families more than $500 million in 2014 alone. As the leading student-first connected learning platform, Chegg's Student Hub makes higher education more affordable and more accessible, all while improving student outcomes. Chegg is a publicly-held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com

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