McGraw-Hill Education has announced the latest in a series of initiatives to make course materials more affordable and effective for millions of US college students by launching a new textbook and eBook rental program for its more than 250 copyright 2019 titles, as well as all future titles.
Rentals will be available starting this Spring through the company's eCommerce channel on MHEducation.com as well as through approved distributors. New titles will be available to approved distributors on a consignment basis for their own rental programs at prices that are significantly lower than what they pay on a wholesale basis. The program is open to all distributors of McGraw-Hill Education's higher education textbooks. To date, McGraw-Hill Education has finalised agreements with two leading textbook providers: Barnes & Noble Education, through its Barnes & Noble College and MBS Textbook Exchange subsidiaries, and Chegg, Inc. Additional distributor discussions are underway to ensure that the company's rental program is widely available to students.
Building on its leadership in delivering affordable, high-value digital learning solutions like McGraw-Hill Connect® and ALEKS®, the rental program is expected to save students as much as 70 percent off the costs of traditional bound print textbooks.
This announcement marks the continued expansion of McGraw-Hill Education's affordability initiatives - including digital learning solutions that embed interactive content, assessment tools and actionable analytics; digital and print bundles; eBooks; mobile applications; looseleaf; and open educational resources (OER) for select titles. Depending on the format, these solutions are available for purchase, rent, subscription or through institutional Inclusive Access agreements, which enable the delivery of digital materials directly to students for first-day-of-class access.
By working with Barnes & Noble Education and Chegg, McGraw-Hill Education is able to make its affordable, effective materials available to millions of students across the country. Barnes & Noble Education serves more than 6 million students and their instructors through its nearly 1,485 physical and virtual campus bookstores, and in addition serves more than 3,700 institutionally run and contract managed stores through its MBS Wholesale business. Chegg's connected learning platform for students reaches approximately 10 million unique visitors in a month.
McGraw-Hill Education will also work closely with MBS to ensure the Company's rental program is widely available to students served by all bookstores, both contract managed and institutionally run, beginning this fall.
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