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…
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!