SOURCE: BookRenter


August 24, 2011 06:23 ET

BookRenter Saves Students More Than $101 Million by Renting Textbooks

Savings Points to Billions of Dollars in Potential Impact to the Economy

SAN MATEO, CA--(Marketwire - Aug 24, 2011) - BookRenter, the leading textbook rental platform, announced today that it has saved students more than $101 million on their textbooks over the lifetime of the company. Serving students in all 50 states, on more than 5,000 campuses nationwide, BookRenter also partners directly with over 560 schools serving more than 6 million students to deliver better choices and prices on textbooks.

"We are proud to be a part of keeping over a hundred million dollars in the pockets of students," said Mehdi Maghsoodnia, CEO of BookRenter. "More than 58 percent of students graduate with debt, and over 40 percent receive federal grants. If you look at how textbook rental can affect these larger trends of borrowing and taxpayer spending, the impact is astonishing."

BookRenter released an infographic showing the potential impact of textbook rental on student debt as well as federal aid in higher education.

"We founded this company to make education more affordable and accessible," said Colin Barceloux, founder of BookRenter. "By partnering with over 500 schools and allowing students to rent locally or online, we've seen our growth accelerate dramatically, which means even more savings for students."

As part of the company's ongoing commitment to helping students, BookRenter is giving away $100,000 in textbook credits. To claim a credit, visit BookRenter's Facebook page. Credits range from $10 - $500 and can be redeemed through the end of October.

About BookRenter
BookRenter founded the first textbook rental service in 2006 with a mission to make education more affordable by allowing students to rent textbooks for up to 80% off the retail price. BookRenter helps students find the best price, highest quality books, and most flexible rental experience through more than 500 campus stores or online at Offering more than 5.5 million titles and serving millions of students on over 5,000 campuses, BookRenter is one of the fastest growing startups in Silicon Valley. With offices in San Mateo, California, BookRenter is a private company that is funded by prominent Silicon Valley venture capital firms. To learn more about how to use BookRenter for all of your textbook rental needs, visit

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