Follett Higher Education Group, Bookstores
Follett is a major bookstore provider that serves as a valuable partner of the University of West Florida’s Business Enterprises, Inc. A portion of the arrangement between Follett and UWF includes the agreement that any surplus revenue from the Bookstore Services Assigned Function may be utilized by BEI in activities supporting University operations. BEI may also retain funds necessary for the purposes of future projects and programs that are consistent with the mission of BEI, advance the strategic priorities of the University and have been approved by the BEI Board of Directors. Additionally, BEI is responsible for and has full authority over all current and future administrative and fiscal activities relating to Bookstore Services Assigned Function whenever the transaction is external to the University and the University’s direct support organizations.
With more than 700 college bookstore partnerships, Folett has grown to be the largest educational bookseller in North America. The UWF Bookstore carries new and used textbooks, computers, school supplies, collegiate clothing, gifts and snacks. The store provides convenient services to UWF students, such as the "BookNow" online ordering program and the "Bookstore Deferment" program, which allows students utilizing financial aid to get books faster. For additional information, visit the Follett website or the UWF Bookstore website.
When did Follett Higher Education Group partner with UWF?
Follett Higher Education Group, the largest educational bookseller in North America, has been conducting business with the University of West Florida since 2001.
When did UWF and Follett Higher Education Group expand their partnership?
The growing relationship between UWF and Follett Higher Education Group was expanded upon via Amendment Number Two to the Bookstore Operating Contract, which was dated August 18, 2009. Amendment Number Two provides for a ten-year agreement effective October 15, 2012 through October 15, 2022.
How does UWF benefit from this venture?
The investment Follett made to UWF BEI will have considerable returns for students as well as help improve services and infrastructure. The revenue generated as part of the UWF BEI and Follett venture is estimated at producing $425,000 annually.
Specifically, how do UWF students benefit from the partnership with Follett Higher Education Group?
Follett provides integrated services with the University’s course scheduling and financial aid systems for ease of course material ordering and payment. Additionally, they provide all required and recommended course materials to students in new, used, rentable and/or electronic formats and also carry Argonaut memorabilia, gifts and snacks. Two $10,000 scholarships are awarded annually. One supports the University’s scholarship program and the other provides course materials to students through a book scholarship program.
What will Follett Higher Education Group contribute in terms of investment?
Follett provided $600,000 for other UWF BEI initiatives to benefit students and the University.