Student Investment Expert’s Tip of the Month – February

Textbooks can be one of the largest expenditures that students face while in college. Unfortunately, many cannot afford the high cost of textbooks in bookstores, and thus, do without. There are low-cost, affordable alternatives so that no student has to go without textbooks.

Websites like Amazon.com allow third-party merchants to sell textbooks on their site, and offer new and used books as low as 1/3 to 1/2 off. Moreover, Amazon.com offers the International Edition of textbooks, which are the same version of American hardcover books except in paperback. Buying the International Edition of books can offer discounts as low as another 50% off from the hardcover American versions.

If you don’t want to buy textbooks, new websites like Chegg.com (there are many other competitors – just perform a simple Google search) will allow you to rent a textbook for a quarter or semester for roughly 1/3 of what it costs to buy a textbook.

If none of those options appeal to you, try sharing textbooks with friends. While in college, my friends and I would often buy textbooks together, use them when needed, and then re-sell them at the end of the quarter.

If you want to cut your costs on textbooks, try one of the above solutions.

~ Monte Malhotra, Student Investment Expert, Campus Calm

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