Chegg.com Celebrates $100 Million in Savings for College Students

SANTA CLARA, Calif., Jan. 11 /PRNewswire/ -- Chegg.com, the No. 1 online textbook rental company, today announced it is celebrating its milestone of saving college students $100 million by giving 100 customers their entire rental order FREE. Chegg will randomly select 10 winners every hour from 8:00 a.m. - 6:00 p.m. PDT on January 12, for their second annual Textbook Tuesday. Winners will be announced on Twitter at www.twitter.com/chegg and Facebook at www.facebook.com/chegg.

"Due to the recession and states such as California increasing tuition fees, it's never been more financially challenging to be a college student," said Aayush Phumbhra, co-founder and senior vice president of Chegg.com. "Our goal is to save students hundreds of dollars on their textbooks, and as a way to thank them for helping us reach this milestone, we'd like to award 100 customers their rental order for free on our second annual Textbook Tuesday."

Using a textbook rental service such as Chegg can save students a significant amount of money. Chegg's total savings, calculated by adding the difference in each textbook's list price and the Chegg rental price, surpassed more than $100 million as of January 11. As an integral milestone, Chegg wants to recognize and reward customers who have contributed to the company's growth to reach such an achievement.

"By using Chegg, I've been able to save tons on my textbooks while earning over $5,000 through their Chegg Champ program," said Erica Fatal, who is a Chegg Champion at Frostburg State University in Maryland. "I have told everyone I know to rent their textbooks from Chegg instead of buying them."

A New Tree for Every Book Rented

Since launching the company in 2007, Chegg, in partnership with the American Forests Global ReLeaf® program, has planted a tree for every textbook a student rents. On January 12, the two companies will celebrate the planting of their two millionth tree. The tree-planting program demonstrates that Chegg not only gives back to students in the form of serious savings on their textbooks, but also gives back to the environment.

For more information about Chegg's environmental efforts, visit www.chegg.com/ecofriendly.

About Chegg.com

Chegg.com's transformative concept of money-saving, rental access to textbooks has upended the traditional purchase model, where students had to buy expensive textbooks for only a short duration. Launched nationally in 2007 by Co-Founders Osman Rashid and Aayush Phumbhra, Chegg has already made it possible for hundreds of thousands of students at more than 6,400 colleges to save in excess of $100 million. In addition, Chegg supports the environment by planting a tree for every textbook rented, bought or sold. To date, the company has planted more than two million trees around the world.

About Chegg Champions

Chegg Champions is a nationwide program designed to offer students financial incentives for every person they refer to the service. For example, today's Chegg Champions currently earn $5 for every referred order. Chegg.com supplies each Chegg Champion with the marketing knowledge and interactive toolset they need to promote Chegg.com online and on campus. Like any entrepreneurial job, current Chegg Champions get out of the program what they put into it. Some Chegg Champions have earned enough money to rent their next semester's textbooks. Others have earned several thousand dollars. For more information about the program, visit www.cheggchampions.com.

About Textbook Tuesday Promotion

Chegg.com will provide credit to the textbook orders of 100 randomly generated customers who complete an order on the Chegg.com website on January 12, 2010 between 8:00 a.m. and 6:00 p.m. PDT. Chegg will randomly select 10 winners every hour during this time and announce winners every hour via Twitter, www.twitter.com/chegg, and Facebook, www.facebook.com/chegg, regarding their textbook order credit amount and timing. Void where prohibited. For Official Rules of the Textbook Tuesday promotion, see http://www.facebook.com/note.php?note_id=278184013017. No purchase necessary. See Official Rules for information on entering the promotion without purchase.

SOURCE Chegg.com