about time – electronic textbook rentals

… Students can already save a few bucks by opting for a digital version of a textbook over a hardcover, and they can now save even more courtesy of Amazon if they aren’t too intent on hanging onto the book after they’re done with it. The company has just announced textbook rentals for Kindle, which promises to let students save “up to 80 percent” off the list price of those often pricey textbooks. That discount varies depending on the rental period — which can be anywhere from 30 to 360 days

… The National Association of College Stores estimates that U.S. college stores posted $10.25 billion in sales for the 2009-2010 fiscal year with each student spending $745 on average.

read more on Mashable

This is only the beginning of the end for the many ripoffs associated with the textbook industry, but at least it is a start.

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