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updated 7/18/2011 12:19:29 PM ET 2011-07-18T16:19:29

Students looking to save money and avoid lugging around heavy textbooks are in luck: Amazon launched on Monday a new service for students that allows them to rent textbooks on their Kindle eReader devices and Kindle apps.

Kindle Textbook Rental gives users up to 80 percent off the list price of a print textbook. For example, accounting textbook Intermediate Accounting is available through Amazon for $183.53 in hard cover and buying it through Kindle for $109.20. However, it's listed for rental on Amazon for only $38.29.

Rental length is between 30 and 360 days, according to Amazon's Website.

This means that renters pay only for the exact time they need it. Rentals can also be extended for as little as one day or converted to purchase.

Once a book is rented, users can access notes and highlights anytime – even after the rental expires – through kindle.amazon.com.

Amazon said tens of thousands of textbooks are available for download.

Reach TechNewsDaily senior writer Samantha Murphy at smurphy@techmedianetwork.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Follow her on Twitter @SamMurphy_TMN

© 2012 TechNewsDaily

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