April 14, 2011 3:30 PM to 4:30 PM HLRC 4E Presenter: Larry Packham, FIPSE Grant Project Director. Fipse institutional materials rental initiative and alternate sourcing of instructional materials presentation. DEFINING OUR TERMS THE FIPSE GRANT INITIAL RESPONSE THE MATH…
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April 14, 2011 3:30 PM to 4:30 PM HLRC 4E
Presenter: Larry Packham, FIPSE Grant Project Director
Fipse institutional materials rental initiative and alternate sourcing of instructional materials presentation
DEFINING OUR TERMS
THE FIPSE GRANT
WHAT YOU CAN DO!
FIPSE = The Fund for the Improvement of Post Secondary Education. The sponsor of West’s two year grant to investigate textbook rentals.
Rental Friendly Adoption Agreement, a.k.a. RFAA = An agreement between faculty and the Bookstore to utilize a rental friendly textbook for four or more consecutive semesters to facilitate rentals.
Rental Friendly = No consumable components, single use access codes, loose leaf books, etc.
West’s Fall 2011 rental program included 15 titles with RFAAs funded by the FIPSE Grant and another 40+ titles rented in partnership with wholesaler rental programs.
The FIPSE Grant covers all costs to fully investigate rentals including staff and sufficient funds to purchase +/- 10,000 books to rent to students.
FIPSE funding is not subject to state and federal budget cuts.
Rented 504 textbooks in Fall 2010.
96% of rental textbooks returned.
Overwhelmingly positive response from students who rented books in our Fall 2010 pilot program.
Over 720 textbooks rented for Spring 2011.
Student’s saved more than $72,000 on rental textbooks in the 2010/2011 school year.
8 RFAAs for Fall 2010. 15 RFAAs for Spring 2011.
More books in more students hands earlier will improve student learning outcomes!
RFAAs could save students more than $1,000,000 a year by the 2012/13 school year!
RFAAs support HEOA compliance and allow West to publish author, title and price info in the schedule.
Textbook rentals provide West a marketable advantage recruiting students.
Reduce. Reuse. Recycle. RENT!
Give students the option to rent books for up to 80% of IGETC, CSU and AA general education requirements using rental textbooks by 2012.
Double rentals each semester from @750 in Spring 2011 to 1,500+ in Fall 2011, 3,000+ in Spring 2012 and 6,000+ in Fall 2012.
Develop an industry standard model for a self sustaining textbook rental program.
Thank you for coming!