Textbook Rental

College textbook rental program coming to UMass Lowell Campus Book Store.

UMass Lowell and Barnes & Noble College Booksellers work together to make college textbooks more affordable

LOWELL, Mass – Beginning in fall 2010, UMass Lowell bookstores will give students a new lease on their sometimes budget-focused, hectic lives by offering a new, multi-channel textbook rental program designed to deliver maximum savings and convenience.

This innovative textbook rental program will allow students to rent their textbooks for less than 50 percent of the cost of purchasing a new printed textbook. Plus, as an added convenience, students will be able to rent their books either in the store or from the store’s website, www.umlowell.bncollege.com. The decision to offer a textbook rental program was made jointly by UMass Lowell and Barnes & Noble College Booksellers.

“We are committed to providing students with the widest range of content options and price points available,” said Hil Estock, vice president at Barnes & Noble College Booksellers. “Whether students are interested in new books, used, digital, unbundled, or now rentals, they know they can find what they want at the UMass Lowell bookstores.”

Other program features include:

· Students can pay the rental fees using any form of tender currently accepted by the bookstore – including student financial aid and campus debit cards. (Note: For security purposes, a valid credit card must also be provided regardless of the tender used for the rental fee.)

· Students can highlight or mark the rented books just as they would if they purchased a book and planned to sell it back to the bookstore.

· Students can convert their rental to a purchase during the first two weeks of class.

· The rental period is for the duration of the semester. Books are due back at the bookstore no later than 10 days after the last day of finals. Students can return the books in person or mail them to the bookstore.

· Courtesy e-mails will go out as the end of the term/semester approaches reminding students to return their books. Books not returned (or returned in unusable condition) will be subject to replacement and processing fees.

Barnes & Noble began piloting its rental program earlier this year at 25 campus bookstores across the country. Response from students where the program was piloted was tremendous. In particular, students like having the option of getting their books immediately – as opposed to waiting for a shipment to arrive –and they appreciated knowing that the books they were renting were guaranteed to be the right books for the classes. More than 90 percent of the students surveyed said they would rent from their campus bookstore again.

Watch for more details about the rental program in the coming months. For more information about UMass Lowell bookstores, visit umlowell.bncollege.com.

About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller and a Fortune 500 company, operates 775 bookstores in 50 states. Barnes & Noble College Booksellers, LLC, a wholly-owned subsidiary of Barnes & Noble, also operates 639 college bookstores serving nearly 4 million students and over 250,000 faculty members at colleges and universities across the United States. For more information, visit www.bncollege.com.

About UMass Lowell
UMass Lowell, with a national reputation in science, engineering and technology, is committed to educating students for lifelong success in a diverse world and conducting research and outreach activities that sustain the economic, environmental and social health of the region. UML offers its 13,000 students more than 120 degree choices, internships, five-year combined bachelor’s to master’s programs and doctoral studies in the colleges of Arts and Sciences, Engineering and Management, the School of Health and Environment, and the Graduate School of Education. www.uml.edu.