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Funding models

Consider all possible financing models, particularly if you are leaning toward not moving forward due to cost.

Consider all possible financing models, particularly if you are leaning toward not moving forward due to cost.

School-funded

  • 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.

Parent Contributions

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.

Operating Lease

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

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