Pearson and Chegg Announce Partnership to Make Textbooks More Affordable for College Students
Today, Pearson announced a new
partnership with Chegg (NYSE: CHGG) to provide students with affordable rental
options for both print and e-book versions of popular Pearson higher education
titles. Beginning this fall, approximately 50 editions of high volume Pearson
titles will be available via a “rental-only” model, through Chegg, which will
provide students with affordable access to their choice of a print or
electronic version of the selected titles. Under this program, the titles are
consigned to Chegg and all rental prices will be under $100, with electronic
versions of these titles being the lowest cost option. Pearson anticipates
expanding the titles included in this program over time.
In January, Pearson announced a two
step plan to take on the issue of college affordability. That plan immediately
reduced the prices of 2000 e-book titles by up to 50 percent. The second phase
of the effort ensures that students can rent popular print titles through
trusted retailers, like Chegg. This rental-only model allows Pearson to reduce
prices by up to 60% and ensure that all students have access to affordable
textbooks.
“Faculty and students have been clear - they desire the ability to rent affordable print and digital products,” said Tim Bozik, president, global product at Pearson. “This program, along with Pearson’s other affordability initiatives, provide faculty and students with quality Pearson materials at an affordable price point. We are excited to work with Chegg to bring our high quality Pearson materials to students in a way that works for them.”
“Paramount to Chegg’s mission is to
increase access to higher education by making it more affordable. We are
excited to partner with Pearson, the world’s leading higher-ed publisher, to
accelerate our ability to make high quality education resources accessible to
every student,” said Dan Rosensweig, CEO of Chegg. “We applaud Pearson’s recent
moves to focus on the financial needs of students while also embracing the new
and innovative pricing models and channels that meet the needs of today’s
students.”
This program is part of Pearson’s ongoing commitment to making college more accessible and more affordable for students. In addition to the eBook price reduction and the print rental program, Pearson has introduced Revel--digital courseware that blends authors’ narrative, interactive media, and assessment, enabling students to read, practice, and study in one continuous experience--for less than the cost of a traditional textbook. Students can access Revel with their computer, tablet or mobile phone for as little as $65.
Pearson has also launched programs
such as Digital Direct Access, which delivers digital course materials directly
to students on the first day of class, eliminating trips to the campus bookstore
or online. That program can save students up to 60% compared to the price of
traditional print materials.
And, Pearson recently announced a partnership with IBM Watson to create virtual college tutors, making digital learning easier and more engaging.
And, Pearson recently announced a partnership with IBM Watson to create virtual college tutors, making digital learning easier and more engaging.
Regards
Pralhad
Jadhav
Senior
Manager @ Knowledge Repository
Khaitan & Co
Upcoming Event | MANLIBNET 17th Annual
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