FOR IMMEDIATE RELEASE
Loyola University Chicago Offers Innovative Textbook Rental Program
New Program Allows Students to Save Money by Renting Books Instead of Buying
CHICAGO, January 11, 2010 – In the fall of 2010, Loyola University Chicago will officially roll out the Rent-A-Text program, which will allow students to rent new or used textbooks at campus bookstores as opposed to buying them outright. The program, which will commence in August 2010, will provide students with a unique cost-saving option as they obtain their required books for class.
I am grateful to the Follett Higher Education Group for bringing this program to Loyola and I look forward to hearing from our students regarding the success of this program as we move into the 2010-2011 academic year, says Tim McGuriman, associate vice president for business services at Loyola. This program will benefit our students, most of whom are first generation college students, by keeping textbooks affordable.
Rent-A-Text was introduced as a pilot program in fall 2009 by the Follett Higher Education Group. Follett, Loyola’s bookstore provider, implemented the program at Loyola and other select universities across the country. To date, the program has saved students nearly $2 million.
We are very excited to bring Rent-A-Text to Loyola for fall 2010. I am confident this cost-saving program can help control the cost of course materials at Loyola, says Thomas A. Christopher, president at Follett Higher Education Group. This is a great campus community, and we’ll continue in our mission to make our Loyola bookstores the booksellers of choice with our campus customers.
The Rent-A-Text program will be available for approximately 20 percent of the titles currently being used in Loyola’s classes. Students will be able to rent a new or used book at a savings of up to 55 percent off the book’s retail price.
Loyola University Chicago is one of 20 schools across the nation officially being added to the Rent-A-Text program. For more information on Follett’s Rent-A-Text program, visit www.facebook.com/RentAText.
About Loyola University Chicago
Committed to preparing people to lead extraordinary lives, Loyola University Chicago, founded in 1870, is the nation’s largest Jesuit, Catholic university. Enrollment is more than 15,800 students, which includes more than 10,000 undergraduates hailing from all 50 states and 82 countries. The University has four campuses: three in the greater Chicago area and one in Rome, Italy. Loyola also serves as the U.S. host university to The Beijing Center for Chinese Studies in Beijing, China. Loyola’s ten schools and colleges include arts and sciences, business administration, communication, education, graduate studies, law, medicine, nursing, continuing and professional studies, and social work. Loyola offers 71 undergraduate majors, 71 undergraduate minors, 85 master’s degrees, and 31 doctoral degrees. Loyola is consistently ranked among the “top national universities” by U.S.News & World Report, and the University was named a “best value” in their 2010 rankings. In addition, Loyola is among a select group of universities recognized for community service and engagement by prestigious national organizations like the Carnegie Foundation and the Corporation for National and Community Service. For more information about Loyola, please visit LUC.edu.