Portland business wants to change textbook rentals - KPTV - FOX 12

Portland business wants to change textbook rentals

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iFlipd offers weekly rentals of textbooks for students who don't want to pay full price. iFlipd offers weekly rentals of textbooks for students who don't want to pay full price.

A Portland business hopes to shakeup the textbook industry by offering weekly rentals.

Kati Radziwon, president and founder of iFlipd, recently sat down with FOX 12 to talk about her company and why she thinks it’s the future of serving students while saving them money.

“With iFlipd, if you only need a book for two weeks, that’s all you’re going to rent it for and that’s all you’re going to have to pay for,” Radziwon said.

iFlipd offers nearly one million books with options to either download an e-book or request a physical copy.

Radziwon said books typically range from as little as $5 per week to as much as $20.

It was standing in front of a Redbox kiosk a few years ago that Radziwon had what she describes as a “light-bulb moment.”

“It just seemed ridiculous to me that you couldn’t rent a book on a weekly basis when you can do that with music and movies,” Radziwon said.

According the National College Association of Stores, online learning continues to become more popular. The association reported a 24 percent increase in the student usage of digital books and materials last year.

And even as books become more expensive, NCAS says student spending on the supplies has actually been declining for the past decade. Some students skip on buying books all together.

“If you don’t need it, you don’t need to spend a couple hundred dollars on them,” Clark College student Ember Morris said. “My last quarter I didn’t even open my books, so I kind of wasted a bunch of money on that.”

Radziwon estimates students can save up to 50 percent by using iFlipd as opposed to purchasing books or rental for an entire quarter or semester.

Students create a free account online and then can rent books for as short as week, or up until they’ve paid off the total cost of the book. At that point, the textbook is owned by the student.

Another feature of the site allows users to ‘flip’ books back to other users.

If a book is returned with remaining rental days left, another person is able to rent that book for a 50 percent discount.

You can find more information on iFlipd at https://iflipd.com.

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