A Report on the Feasibility of Textbook Rental - IBHE

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Moraine Valley Community CollegeI just got a copy of the report and wanted to respond to you on behalf of Moraine Valley. I think you alldid a nice job on the report. You did extensive research and I certainly can’t argue with the facts. I dohave just a few comments to offer. In the executive summary, a comparison is made between averagecosts for books in non-rental programs and those in rental programs and this, of course, shows a prettybig gap. At least in our survey response (and I would venture to guess that other institutions reported thisthe same way), we gave you the average cost for all NEW books. This would be less if you bought bothnew and used books. However, in rental programs, you have both new and used books, which brings theprice down to both the student and the institution, for that matter. Therefore, when you make a quickcomparison between the two options, it makes it look like it is a straight comparison when in fact itprobably is more apples to oranges.I also think it would be good to point out that in some cases, like at Moraine Valley, we found that the costto students for books through either a rental program or a strong buy-back program were virtually thesame (with the exception that students would have upfront costs in the buy-back program and would notget their money back until they sold back their books at the end of the term). I think this is an importantpoint to make because otherwise it looks like the rental program is kind of a panacea and that allinstitutions should find a way to implement it regards of start-up costs and other challenges. I really don’tthink we want to put all our eggs in one basket and suggest that a rental program is the best option for allstudents at all institutions. I don’t think the report is saying that necessarily, but I do believe that somelegislators easily could interpret it this way because of the emphasis on this particular option in the bodyof the report.I also think a point could be made that legislation could be passed so that book costs could be coveredunder MAP grants, even though they are not currently but this is an option that could be considered. I saythat, but also am concerned with focusing in on MAP, even as it relates to mandatory book rental fees,because MAP has not been fully funded in recent years due to the state’s financial situation.I hope these comments are helpful to you. If I have others, I will send them to you. Happy New Year toyou.Sincerely,Nancy W. Bentley, Ph.D.Vice President of Student DevelopmentMoraine Valley Community College9000 W. College Pkwy.Palos Hills, IL 60465708-974-5209 Phone708-974-5269 Faxbentley@morainevalley.edu-112-
From: Wilcockson, Mark [mailto:M-Wilcockson@neiu.edu]Sent: Monday, January 01, 2007 9:20 PMTo: Baumgartner, MikeSubject: Draft Textbook Rental paperOverall, I think the draft textbook rental report is comprehensive and well written - good job. If it's not toolate, I have a couple of observations on the draft report.Limitations of Rental Programs (p. 23) - another limitation is the increase in administrative staff that wouldbe required to administer these programs. We have taken the position that certain services can beoutsourced - food service, bookstore. This is heading in the opposite direction. (Also, since bookstoreoperations are discussed in this draft as possible auxiliary employees, increases in bookstore employeescould also have an impact on CMS group health and life insurance benefits costs. But perhaps theywould be fee supported employees - need to talk with EIU or SIUE.)Fee to Support Debt Service (p. 37) - it does not seem fair that the initial cohort of students would berequired to pay the normal operating costs of the textbook rental program AND the debt service costs tobegin the program.Tax Revenue Loss (p. 38) - the discussion does not include the loss of corporate income taxes. I amsure our vendor - Becks - pays some form of state income taxes on profits earned from NEIU bookstoreoperations. These would go away, as would sales taxes, if the rental program was implemented.Also, you may want to make it clearer that the information provided by the institutions is estimated basedon limited knowledge of textbook rental programs. Actual costs likely will vary.Mark WilcocksonVice President for Finance and AdministrationNortheastern Illinois University-113-
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A Report on the Fe
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EXECUTIVE SUMMARY .................
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Estimated Textbook Rental Cost Per
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EXECUTIVE SUMMARYGrowing apprehensi
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• Faculty members, administrators
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ConclusionTextbook rental programs
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INTRODUCTIONAcross the nation, the
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increase in tuition and fees (7 per
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Source: Government Accountability O
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The IBHE’s 2006 survey found that
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ookstores, 17 percent to friends/re
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1. provide the option of purchasing
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Student fees are collected:• as p
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CURRENT ILLINOIS TEXTBOOK RENTAL PR
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MethodologyCOSTS AND FEASIBILITY OF
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Submitted cost data are presented b
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PUBLIC UNIVERSITIES - TEXTBOOK RENT
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Under a textbook rental program, ea
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FundingSR 692 directs the IBHE and
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have a separate series so that if a
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Impact on Tax Revenue.Property Tax.
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Textbook Selection. While acknowled
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According to the Student Monitor, i
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of the exact custom book. This alte
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Current Status of Voluntary Faculty
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APPENDICES-51-
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09400SR0692 Enrolled - 2 - LRB094 2
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APPENDIX BTextbook Study Timeline -
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Funding:1. Please provide an itemiz
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Textbook Survey - Third Party Books
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Page 67 and 68: Kentucky. House Resolution 9 would
Page 69 and 70: Washington. House Bill 3034 would p
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Page 73 and 74: ook wholesalers, stands this issue
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Page 103 and 104: Attn: Nicole Krneta Rogers-103-
Page 105 and 106: Spring 2007: ISBN 0-618-75386-9 Rai
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Page 109 and 110: universities and the largest univer
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Page 119 and 120: From: Brad O'Brien [mailto:bobrien@
Page 121 and 122: more used books benefits both the b
Page 123 and 124: From: Devi Prasad V.Potluri [mailto
Page 125 and 126: Comments submitted on IBHE website:
Page 127 and 128: REFERENCE LISTAssociation of Americ
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