McGill Bookstore’s expanding textbook rental program
By Katherine Gombay
For those in the know, there was little surprise last week when Apple announced its entry into the textbook market. “Textbook publishing is a bit like the Wild West,” explains Jason Kack, the general manager of the McGill Bookstore.
“Five companies control 85 per cent of the market. Last year they made more than $8 billion just in the U.S.,” adds Patrick McGovern, the materials course manager at the bookstore. “If a professor assigns a certain text for his class the sales can be huge, and the profs often stick to the same text for a long time.”
But though this situation may be good for the publishers, the price tag for students can be pretty hefty. McGovern estimates that engineering and management students may spend as much as $1,000 a year on their textbooks, depending on the course materials that have been assigned.
With this in mind, the bookstore has adopted a new program where they rent out textbooks to students at 60–65 per cent of the full price. It’s a model that is fairly common in the U.S., where there are federal regulations in place designed to protect students from excessive textbook costs, and it’s now spreading to Canada.
After a pilot project last term, where the bookstore started with just six titles and a total of about 80 books, the program has now grown to 20 titles this semester, ranging from engineering to management and art history. Students are allowed to do a reasonable amount of underlining and note taking in the textbooks, and as long as they are returned on the date that has been agreed upon, there are no additional charges.
Although the bookstore is planning to continue to expand the textbook rental program, maintaining it calls for a carefully calculated balancing act. “We are committed to providing the best service we can to the students, which is why we got involved in the textbook rental program in the first place,” explains Kack. “But part of our mandate is to help fund certain programs in the McGill community. Over the past six years we’ve contributed $3.5 million to McGill. A large portion of this then gets redistributed in the form of bursaries through Student Life and Learning. And we absolutely want to be able to keep on doing this.”
Students interested in finding out whether the titles they need are available through the textbook rental program should contact the textbook information desk: email@example.com or call 514-398-8354. Rental texts will continue to be available until early March.