College Planning

Saving on Your College Textbooks

The cost of textbooks can quickly add up each semester. There are several measures you can take when purchasing textbooks to reduce costs, such as buying used books, selling and renting.

5 Tips for Saving Money on College Textbooks

According to the College Board, the costs of textbooks and supplies can tally up to about $1,200-$1,300 per academic year. Don’t place yourself at the mercy of a $200 textbook. Here are a few tried-and-true tips for curbing the costs college planning and book-buying.

Skip the campus bookstore and buy secondhand.

Many a freshman student has made the mistake of blithely strolling into the campus bookstore at the beginning of their first semester, and paying full retail for their required texts without considering alternative options. The same students are usually happy to stroll back in at the end of the academic year and sell those books back to the bookstore for the campus’ standard buy-back rate. Odds are, there are better options for both buying and reselling. In any case, you can save big by purchasing used textbooks instead of new. Don’t be afraid to invest in a slightly older edition of your textbook either. Often the changes between editions are usually pretty minute.

Your used college textbooks still have value. Resell them!

If you’ve made the rookie mistake described above, you probably noticed that the cash you received from the campus bookstore for your gently used textbooks was only a small fraction of the price you paid up front. Don’t put yourself at their mercy. Savvy students all over the country are reselling their college textbooks on sites like Amazon.com, or taking advantage of buyback programs from retailers such as Barnes & Noble, or textbook exclusive book vendors such as TextbookRush or eCampus.com.

Seek out classes and professors that use open-source textbooks.

Open-source textbooks are free textbooks made available to all students, teachers, and members of the general public via e-book, audio format, or print edition. Several public university coalitions in states like California, Massachusetts, and Maryland are hard at work developing their own open-source textbook library, and many professors have already made the switch to open source textbooks at universities across the nation. (Yes, some of your professors and university administrators are interested in saving you money!)

Consider renting textbooks or opting for the digital versions.

Were you aware that you could rent textbooks instead of buying them? Or that you could download digital versions for your tablet or e-reader? Renting your textbooks only costs a small fraction of what it does to buy, and all of the retailers we mentioned above now have extensive options for textbook rentals. It’s important to note that once your rental period is over, you’ll be responsible for returning the book, and if you don’t, you may end up paying full retail for it anyway. If you purchase a digital version, your license for the digital download may expire after a year.

Don’t procrastinate, obtain your books ASAP to help pay for college.

While it’s important to thoroughly investigate all your options for buying or renting textbooks, you usually only have a small window of time to do so from the time you’re assigned the books until the time you’re expected to produce them in class. Avoid additional expenses like rush shipping by purchasing or renting your books in a timely manner. And don’t forget to tap your network of friends and fellow classmates - someone may be willing to lend you their textbook for the semester in exchange for a similar favor in semesters to come.

If you have more questions about college planning, you can find our best advice on paying for college, applying for student loans, and more in the Protective Learning Center.

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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax‐related decisions. For information about Protective Life and its products and services, visit www.protective.com.

Paying for College

Paying for college expenses includes more than just tuition. One such expense is college textbooks. If you're looking for some help paying for college textbooks, you have a number of great options available to you. Get tips on how to save on college textbooks from Protective Life and learn how to help save on paying for college. For more information, visit our learning center.

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