In 2023, student devices and security equipment topped the school equipment categories TEQlease Education Finance leased and financed for K-12 and other U.S. schools.
“Student computing devices remain our top leased equipment type this year, with just over half of TEQlease origination volume coming from student Chromebooks, notebooks, laptops and Apple devices” Michael Lockwood, president of TEQlease Education Finance, said. “As 1-to-1 device adoption exploded during the pandemic to accommodate remote learning, schools have managed full student computer deployments and are now contemplating device refreshes.”
Following student devices, security equipment was the second-most leased and financed category for TEQlease Education Finance.
“The increase in financed security systems is not surprising as school safety concerns continue to increase,” Lockwood said. “However, it isn’t just video surveillance cameras and software that schools are financing but rather a broad equipment list integrating several components of school security products.”
Financed security equipment can include access control systems and intrusion detection; electronic and wireless locks; credentials such as key cards, key fobs and mobile devices; environmental and motion sensors; video surveillance, alarm and emergency systems; metal detectors and weapons detection systems; cyber-security software; and increased wireless access.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!