College Stores Strive to Save Students Big Money

National Assn. of College Stores cites innovation, dedication to students

OBERLIN, Ohio, Sept. 1, 2011 /PRNewswire-USNewswire/ -- While the price of textbooks can represent a significant cost to students, college stores around the country are consistently doing their part to save students money. Funding scholarships, employing students, and educating students and their parents about textbook tax credits are among the myriad ways college stores around the nation work every day to make course materials as affordable as possible for students.  

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Here are some specific examples from a survey of its members conducted by the National Association of College Stores (NACS):

Buyback – Most college stores do their best to promote a strong used book market through aggressive buyback policies. Over 95% of Cornell students receive personalized e-mails during buyback season. As a result, the store ensures a solid supply of used, allowing them to resell used books for even less.

Likewise, the University of Connecticut bookstore operates a buyback web site that informs students how many books the store will be buying and at what price. Combined with other programs, UConn Co-op estimates that it saves its students about $3.6 million annually on textbooks.

Some stores, such as that at California State University-Fullerton, have guaranteed buyback programs to increase used book stock and put a little extra cash in student pockets.

Price Matching – George Fox University, Weber State University and California State-Fullerton are just a few of the stores nationwide that participate in these programs, which practically guarantee students the lowest price.

Creative Concepts – Washington University bookstore hands out $20 bills at random times throughout the year, the University of Illinois-Champaign store helps match used book sellers with buyers. The University of Arkansas holds a Mid-Day Madness sale during which it discounts books the day before classes begin. This has saved student $100,000 this year alone.

Textbook Rentals – Stores like those at San Mateo (Calif.) Community College are saving students money through textbook rental programs. The San Mateo Community College store estimates saving participating students $1.8 million since 2005. Typically, college stores rent books to students for between one-third to half the cost of a new textbook.

On top of all this, a 2010 survey of its members conducted by NACS found that college stores contribute an average of $223,691 annually to their college campuses – much of which is used to fund scholarships and help defray tuition costs.

About NACS
Headquartered in Oberlin, Ohio, the National Association of College Stores (NACS) is the professional trade association representing the collegiate retailing industry. NACS represents more than 3,100 collegiate retailers and approximately 1,000 associate members who supply books and other products to college stores. NACS member stores serve America's college students while supporting the academic missions of higher education institutions everywhere. Additional information on NACS can be found online at www.nacs.org.

SOURCE National Association of College Stores

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