A Report on the Feasibility of Textbook Rental - IBHE

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Estimated Start-Up Cost – Public UniversitiesEstimated Start-Up CostsPublic Universities Southern University University University SouthernChicago Governors Illinois Northeastern Northern Illinois of of of Western IllinoisState State State Illinois Illinois University Illinois Illinois Illinois Illinois UniversityUniversity University University University University Carbondale Chicago Springfield Urbana/Champaign University Edwardsville**Advertising/Marketing $ 31,129.00 $ 10,000.00 $ 30,000.00 $ 1,700.00 $ 10,000.00 $ 25,000.00 $ 50,000.00 $ - - $ 5,000.00 $ 5,000.00Commissions/Contract/Lease Loss 268,000 - - - 500,000 387,000 140,000 100,000 30,000 - -Computer System/Software 5,000 68,000 50,000 15,000 100,000 70,000 100,000 75,000 - 4,000 70,000Contingency 266,853 226,000 - 15,000 75,000 500,000 10,000 - - - 500,000Credit Card Fees - 19,500 40,000 2,000 - 5,000 50,000 - - - 3,000Education & Orientation - 5,000 - 2,000 - 25,000 10,000 - - 2,500 -Employee Benefits - 24,500 - 30,000 - - 40,000 - - - -Equipment 2,800 98,600 125,000 20,000 - 175,000 5,000 - - - 20,000Fixtures 114,365 - - 75,000 75,000 700,000 - 50,000 - 28,500 500,000General Administration - 23,000 - 20,000 - 80,000 490,000 - - 10,000 0Health Insurance 15,000 12,000 16,000 16,800 - 16,000 - - - - -Inventory 1,556,450 1,580,000 15,000,000 1,500,000 10,000,000 12,272,280 18,000,000 5,000,000 13,400,000 5,625,000 7,000,000Operation - 112,000 - - - - 200,000 200,000 - - -Other (Itemized) - - - 5,700 45,000 - - - 268,000 - 1,500,000Personnel (Full-Time) 75,000 98,000 280,000 250,000 750,000 200,000 850,000 - - - 100,000Personnel (Part-Time) 75,000 67,000 49,000 50,000 - 125,000 - - - 10,000 50,000Printing - 31,500 4,000 700 - 5,000 - - - - 2,000Project Supervision - 50,000 - 10,000 - - - - - - -Space 74,710 - 300,000 - 500,000 480,000 250,000 1,400,000 1,500,000 277,500 -Supplies 12,000 25,000 40,000 7,000 - 30,000 - - - 2,000 10,000System Design, Testing/Implementation- 25,000 - 10,000 - - - - - 4,000 -Total $ 2,496,307 $ 2,475,100 $ 15,934,000 $ 2,030,900 $ 12,055,000 $ 15,095,280 $ 20,195,000 $ 6,825,000 $ 15,198,000 $ 5,968,500$ 9,760,000* Southern Illinois University - Edwardsville has a textbook rental program. This estimate is as if the institution had to recreate the same program.-62-
Estimated Annual Costs – Public UniversitiesEstimated Annual CostsPublic UniversitiesSouthern University University University SouthernChicago Governors Illinois Northeastern Northern Illinois of of of Western IllinoisState State State Illinois Illinois University Illinois Illinois Illinois Illinois UniversityUniversity University University University University Carbondale Chicago Springfield Urbana/Champaign University Edwardsville **Advertising/Marketing $ 10,273 $ 7,000 $ 30,000 $ 3,500 $ 25,000 $ 7,000 $ 20,000- - $ 2,000$ 1,000Commissions/Contract/Lease Loss - - - 410,000 500,000 380,000 100,000 100,000 - 42,000 -Computer System/Software - 26,000 8,000 3,000 25,000 20,000 30,000 - - - 20,000Contingency - 225,000 - 15,000 75,000 250,000 100,000 - - - 200,000Credit Card Fees - 19,500 40,000 70,000 100,000 49,000 50,000 - 328,000 25,000 8,000Education & Orientation - 2,000 - - - 7,000 3,000 - - 500 -Employee Benefits - 25,235 - 30,000 - - 40,000 - - - -Equipment - 20,000 5,000 10,000 - 17,500 - - - - 5,000General Administration - 20,000 - 20,000 - 80,000 490,000 - - 3,000 75,000Health Insurance - 12,360 16,000 16,800 - 18,000 - - - - 6,000Inventory 513,629 484,849 3,000,000 2,000,000 4,000,000 3,000,000 9,000,000 500,000 5,000,000 1,800,000 2,000,000Operation - 100,000 - - - 60,000 200,000 200,000 - - 40,000Other (Itemized) - - - 79,300 40,000 - - - - - 230,000*Personnel (Full-Time) 75,000 102,940 280,000 250,000 750,000 200,000 600,000 - - 30,000 145,500Personnel (Part-Time) 75,000 70,907 49,000 50,000 - 125,000 - - - 5,000 169,500Printing - 10,395 4,000 700 - 5,000 - - - - 2,000Project Supervision - - - - - - - - - - -Space 74,710 - 300,000 - - 250,000 250,000 25,000 - - -Supplies - 7,500 40,000 8,000 - 18,000 - - - 2,000 3,000System Maintenance - - - - 30,000 - - 25,000 - 1,000 -$ 748,612 $ 1,133,686 $ 3,772,000 $ 2,966,300 $ 5,545,000 $ 4,486,500 $ 10,883,000 $ 850,000 $ 5,328,000 $ 1,910,500$ 2,675,000* Includes 150,000, approximately 10% of cost annually for 30 year loan of $1,652,000.** Southern Illinois University - Edwardsville has a textbook rental program. This estimate is as if the institution had to recreate the same program.-63-
Page 1 and 2:
A Report on the Fe
Page 3 and 4:
EXECUTIVE SUMMARY .................
Page 5 and 6:
Estimated Textbook Rental Cost Per
Page 7 and 8:
EXECUTIVE SUMMARYGrowing apprehensi
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• Faculty members, administrators
Page 11 and 12: ConclusionTextbook rental programs
Page 13 and 14: INTRODUCTIONAcross the nation, the
Page 15 and 16: increase in tuition and fees (7 per
Page 17 and 18: Source: Government Accountability O
Page 19 and 20: The IBHE’s 2006 survey found that
Page 21 and 22: ookstores, 17 percent to friends/re
Page 23 and 24: 1. provide the option of purchasing
Page 25 and 26: Student fees are collected:• as p
Page 27 and 28: CURRENT ILLINOIS TEXTBOOK RENTAL PR
Page 29 and 30: MethodologyCOSTS AND FEASIBILITY OF
Page 31 and 32: Submitted cost data are presented b
Page 33 and 34: PUBLIC UNIVERSITIES - TEXTBOOK RENT
Page 35 and 36: Under a textbook rental program, ea
Page 37 and 38: FundingSR 692 directs the IBHE and
Page 39 and 40: have a separate series so that if a
Page 41 and 42: Impact on Tax Revenue.Property Tax.
Page 43 and 44: Textbook Selection. While acknowled
Page 45 and 46: According to the Student Monitor, i
Page 47 and 48: of the exact custom book. This alte
Page 49 and 50: Current Status of Voluntary Faculty
Page 51 and 52: APPENDICES-51-
Page 53 and 54: 09400SR0692 Enrolled - 2 - LRB094 2
Page 55 and 56: APPENDIX BTextbook Study Timeline -
Page 57 and 58: Funding:1. Please provide an itemiz
Page 59 and 60: Textbook Survey - Third Party Books
Page 61: Estimated Annual Cost - Community C
Page 65 and 66: Estimated Textbook Rental Cost Per
Page 67 and 68: Kentucky. House Resolution 9 would
Page 69 and 70: Washington. House Bill 3034 would p
Page 71 and 72: materials to bookstores at wholesal
Page 73 and 74: ook wholesalers, stands this issue
Page 75 and 76: items sold in a package and 2) facu
Page 77 and 78: different printed text, an e-book o
Page 79 and 80: • Page 20, #5 - Education of stud
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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
Page 111 and 112: separately and be stuck with any co
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From: Wilcockson, Mark [mailto:M-Wi
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supports informed decision making.
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-117-
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From: Brad O'Brien [mailto:bobrien@
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more used books benefits both the b
Page 123 and 124:
From: Devi Prasad V.Potluri [mailto
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Comments submitted on IBHE website:
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REFERENCE LISTAssociation of Americ
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