Textbook rental firm Chegg, US, has reportedly made a number of new announcements. It has finalised plans to go digital, and is going to be steadily rolling out e-textbooks on its platform with a goal of offering millions of both print books and e-textbooks to students by the end of the year.
Second, Chegg has partnered with a number of publishers (including four of the top five educational publishers) to offer e-textbooks to its students, such as Cengage Learning, Elsevier, F.A. Davis, Macmillan, McFarland, McGraw-Hill, Oxford University Press, Rowman & Littlefield, Taylor and Francis, and Wiley.
Founded in 2007, Chegg has reportedly become the largest textbook rental giant for college students in the US. Over the course of the past year, Chegg has acquired CourseRank and Cramster, which help students pick courses and study for them. The company also picked up study guide services Notehall recently.
The company also just announced that it has acquired Student of Fortune, an online tutorial marketplace for those who need help or can help others with homework. Student of Fortune, which was founded in 2005, allows students to pose questions or post tutorials on a wide variety of subjects. Students can post a question that is then sent to a network of Student of Fortune experts, who in turn writes a tutorial that helps answer the question for a fee. Students can also serve as experts, earning money themselves for writing tutorials. The service is already used by more than 300,000 students.
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