Two Weeks Before 'Textbook Tuesday' Chegg Becomes First to Provide Cash Back Guarantee

Number one textbook rental company to sell, then buy back over 300,000

titles, and not for pennies

Aug 05, 2008, 01:00 ET from Chegg

    SANTA CLARA, Calif., Aug. 5 /PRNewswire/ -- Chegg, the number one
 online textbook rental company, today announced a revolutionary new way for
 college students to BUY, not just rent, the most popular textbooks. For the
 first time ever, college students now have the ability to purchase
 textbooks knowing from the start, the exact amount of cash they will
 receive at the end of the semester if they so choose to sell the book back
 to Chegg. This announcement comes two weeks prior to Textbook Tuesday on
 August 19th, making Chegg the textbook supplier of choice for students.
     Chegg is introducing the cash back guarantee service on 300,000 plus
 titles. In an industry where the student/consumer often feels powerless
 after selling back their books for pennies, Chegg is guaranteeing the most
 cash back compared to traditional textbook buyback services. On top of more
 cash back, the student also receives free shipping. The student only needs
 to print out a return label from their online Chegg account to sell their
 book back to Chegg.
     "I am thrilled Chegg added a cash back guarantee program this year in
 addition to renting," said Stanley Liu, a student at Princeton University.
 "I sometimes prefer to buy my books in case I choose to reference them in
 the future, but knowing how much money I'll get in return for selling them
 back makes Chegg my go-to place to buy, rent and return. As Chegg's rental
 customer, it makes it easy for me to get the combination of renting and
 purchasing to fit my needs for the semester."
     Chegg's goal is to make textbooks more accessible, and affordable, by
 offering a convenient and cheaper alternative to traditional methods. Last
 year Chegg helped students save millions of dollars across the US. Now, in
 its second prime-time year, Chegg is stocked and ready to rock to help
 students on thousands of college campuses save 60 to 80 percent on college
 textbooks, putting money back into students' already thin wallets.
     "Chegg continues to innovate within the textbook industry with student
 friendly programs," said Osman Rashid, CEO of Chegg. "Our intention is to
 provide a hassle free experience where a student can now purchase books
 without having to worry about if they can sell the book at the end of the
 term. The cash back guarantee program turns the lights on, in an industry
 that has continued to neglect the customer."
     To buy your books using Chegg's Guaranteed Cash Back Program, please
 visit We recommend you keep the box the book arrives
 in to ship it back at the end of the term. The box protects the book and
 helps reduce waste. Chegg also offers the programs via affiliate
 partnerships and to read more please visit
     About Chegg
     Chegg is the number one textbook rental company. Chegg was founded in
 2005 and launched its textbook rental service in July 2007. Chegg has saved
 students millions of dollars at 4,000+ campuses nationwide. With over 1
 million books to choose from, Chegg makes renting and returning textbooks
 as easy as a click of a mouse. On top of added savings, Chegg will plant a
 tree for every book rented. To date Chegg has funded over 100 acres of
 trees. For more on Chegg, log on to
Media Contact: Melissa Smolensky Porter Novelli 212-601-8203