This is episode 33 and today we are talking about Why you should wait to buy your textbooks
I spent 4 years in the textbook industry after graduating, and to be honest, its one of the most rigged industries out there. The person who buys the final product has little choice in the product they are required to buy. It can cost close to $1,000 a year for book for many students if purchased new. So saving even 10% on books is an extra $100 in your pocket. So before you head to the bookstore, consider these three tips before buying textbooks this semester;
1) Check with the professor first: take the time to call or email your professor and ask about the need for the book. Is it essential or can you live without it
2) Partner with a classmate: if you know someone in the class, take the time to offer to split the cost of a book and share. This is especially good if you are study partners as well.
3) Consider renting: We all know about saving money by buying books online, but do you know about rentals? Companies like Chegg and BookRenter.com offer great savings by renting you books, and the postage both ways is free.
Look, school is costly enough with tuition and fees climbing each year. Save money where you can by eliminating non-essential books, and sharing or renting where you can. It could cut your bill in half.
Have a problem with financial aid or scholarships? go ahead and send JR a tweet @ CollegeCashMan. Thanks for listening to JR’s Two Minute Financial Aid Tips at http://www.collegemoneyman.com
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