Smart Classroom

JourneyEd.com Debuts Tech Leasing Program for Schools

• By Leila Meyer
• 09/21/16

JourneyEd.com, a reseller of education technology, has unveiled a new technology leasing service for K-12 and higher education.

According to a news release, the company's leasing plan allows schools of any size to finance 100 percent of their technology, including hardware, software, training, installation and shipping. Some of the most commonly leased technology, as listed on the company's site, includes Chromebooks, Windows laptops, tablets, printers, networking equipment, servers and storage, software and IT services. Participating schools have the option to trade in, add on, exchange or upgrade their technology.

"School budgets are tight and technology is changing at a hurried pace," said Greg Lamkin, CEO of JourneyEd.com, in a prepared statement. "Leasing allows schools to remedy both of those issues by providing them with a way to acquire the latest technology without the overwhelming upfront cost."

The service offers schools a fixed monthly payment without a large up-front cash outlay, according to information on the company's site. Some of the available leasing options also offer "tax-deductible monthly payments or the possibility of capitalization." Leases cannot be canceled before the end of the contract term, and schools must provide proof of insurance.

The company claims that schools can expect "potential first year savings of about 70 percent, compared to a cash purchase of the same product at list price," and "present value savings of 10 to 20 percent, compared to cash, over a 3 year period."

Further information about the technology leasing service, including a downloadable IT Guide to Leasing Technology for Schools, can be found on JourneyEd.com.