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A Report on the Feasibility of Textbook Rental - IBHE

A Report on the Feasibility of Textbook Rental - IBHE

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MethodologyCOSTS AND FEASIBILITY OF IMPLEMENTING RENTAL PROGRAMSSR692 directed <strong>the</strong> <strong>IBHE</strong> to seek input <strong>on</strong> <strong>the</strong> cost and feasibility <strong>of</strong> implementingtextbook rental programs from public universities, community colleges, faculty, tradeassociati<strong>on</strong>s, publishers, students, and third-party bookstores. Data were collected from <strong>the</strong>community colleges and public universities via a survey developed by <strong>the</strong> <strong>IBHE</strong> and ICCB.Surveys were sent to all public universities and community colleges, and resp<strong>on</strong>ses were receivedfrom 27 community colleges and 11 public universities. The <strong>IBHE</strong> distributed a questi<strong>on</strong>naire to49 third-party bookstores and received ten resp<strong>on</strong>ses. All potential resp<strong>on</strong>dents were c<strong>on</strong>tactedmultiple times, as were resp<strong>on</strong>dents whose returned surveys were incomplete.Questi<strong>on</strong>naires also were sent to <strong>the</strong> Associati<strong>on</strong> <strong>of</strong> American Publishers, FollettCorporati<strong>on</strong>, Illinois Retail Merchants Associati<strong>on</strong>, and <strong>the</strong> Nati<strong>on</strong>al Associati<strong>on</strong> <strong>of</strong> CollegeStores, all <strong>of</strong> whom resp<strong>on</strong>ded. The <strong>IBHE</strong> Faculty Advisory Council and <strong>the</strong> Student AdvisoryCommittee also provided resp<strong>on</strong>ses. In additi<strong>on</strong>, <strong>the</strong> Illinois Department <strong>of</strong> Commerce andEc<strong>on</strong>omic Opportunity, <strong>the</strong> Illinois Department <strong>of</strong> Revenue, and <strong>the</strong> Illinois Finance Authorityc<strong>on</strong>tributed to <strong>the</strong> report.The survey’s primary focus was <strong>on</strong> <strong>the</strong> cost and feasibility <strong>of</strong> implementing textbookrental programs, but questi<strong>on</strong>s extended bey<strong>on</strong>d <strong>the</strong> primary focus to include o<strong>the</strong>r benefits andlimitati<strong>on</strong>s <strong>of</strong> rental programs as reported in an earlier secti<strong>on</strong> <strong>of</strong> this report. The surveyinstruments can be found in Appendix BCostThe cost <strong>of</strong> implementing textbook rental programs at community colleges and publicuniversities is significant. The survey <strong>of</strong> community colleges and public universities requestedestimated start-up costs and annual operating costs. The survey asked instituti<strong>on</strong>s to itemize costsrelating to:• advertising/marketing;• commissi<strong>on</strong>s/c<strong>on</strong>tract/lease loss;• computer system/s<strong>of</strong>tware;• c<strong>on</strong>tingency;• credit card fees;• educati<strong>on</strong> and orientati<strong>on</strong>;• employee benefits;• equipment;• general administrati<strong>on</strong>;• health insurance;• inventory;• operati<strong>on</strong>s;• o<strong>the</strong>r;• pers<strong>on</strong>nel (full-time);• pers<strong>on</strong>nel (part-time);• printing;-29-

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