Recently, the City Colleges of Chicago Board of Trustees approved a contract with Akademos that will soon give students access to a range of affordable textbook options. The new contract is expected to save students a total of up to $4 million annually compared to the previous textbook vendor arrangements.
The new contract with Akademos provides students with a 24/7 online bookstore and marketplace. Students will be able to purchase textbooks in their preferred format – digital, new, used, or rental – and apply for financial aid and vouchers to complete the purchase electronically.
The textbooks will be significantly discounted. More than 50,000 etextbooks will be offered at a 30-60% discount off of the publisher’s physical textbook list price. Textbook rentals will cost an average of 50% less and used textbooks will be offered at 60-75% off the publisher’s list price. In addition, students will be able to sell their textbooks through the Akademos marketplace to recoup some of their cost.
Under the new contract, Akademos will provide a $5,000 annual textbook scholarship to the City Colleges of Chicago Foundation, hire paid student interns, create kiosk stations at each college to assist students with textbook purchases, and more. The college bookstores will continue to sell school supplies and other retail items, but they will no longer sell textbooks.
The City Colleges of Chicago faculty members will be able to search for the textbooks they wish to use in their classes through Akademos’ textbook adoption tool.
The new system will launch on April 4, 2014, the first day of registration for the summer term.
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