Consider all possible financing models, particularly if you are leaning toward not moving forward due to cost.
- For all students
- For disadvantaged children, Pupil Premium can help kids who are on free school meals,
including cost in school fee
- From School Budget: 24% of our research schools took this route
- Savings from existing IT budgets by reducing the number of ICT suites
- Gift Aid if charitable donations apply
Cheaper or Refurbished Tablets
For example, one school chose a Samsung, charging parents £10 per month. Other schools considered the iPad Mini.
These can either be through donations, or payment arrangements. 19% of our schools took this approach. Payments can be collected monthly, or once a term:
- Blended funding: Both the school and parents contribute. 38% of our schools used this approach successfully.
- At Home Scheme: Parents only contribute if students take the device home.
Under this lease, less than 100% of the capital is repaid, plus interest, funded over the life of the device. This is the only type of lease a local authority school or academy is entitled to sign. For IT equipment, the maximum term is three years. At the end of the lease:
- The company can provide continued use of the mobile device with the rentals charged at fair market value; or
- The school can return the mobile device
Is My Lease an Operating Lease?
- If the school is offered title of equipment at the end of the lease for a nominal fee, then it is unlikely to be an operating lease.
- Join the National Association of School Business Managers (NASBM) for general advice, and a lease checker to confirm whether the lease is an operating lease. (*)
Some statistics from our research
- 17% of our schools found getting help on financial issues difficult
- 38% of schools used a “blended approach” to funding their tablets
- 71% of schools insist on a case or cover to prevent breakages
- 25% of schools found insurance very or quite difficult
- 80% of schools had additional IT costs