Schools across the UK are being charged up to 10 times too much for laptops and other IT equipment through mis-sold lease agreements, a BBC Radio 5 live investigation reveals.
In some cases, head teachers are being chased for payment by finance companies for equipment they were told was free.
An industry insider says the overcharging could run to hundreds of millions of pounds.
The Department for Education says there is lots of advice available for heads.
But the Leasing Advisory Service, which represents victims of mis-sold leases says, it has identified a particular problem with schools leasing computer equipment.
Under these such schemes, schools effectively hire equipment from a supplier by taking on a loan from a bank who funds the supplier.
More:
http://www.bbc.co.uk/news/education-16441186
In some cases, head teachers are being chased for payment by finance companies for equipment they were told was free.
An industry insider says the overcharging could run to hundreds of millions of pounds.
The Department for Education says there is lots of advice available for heads.
But the Leasing Advisory Service, which represents victims of mis-sold leases says, it has identified a particular problem with schools leasing computer equipment.
Under these such schemes, schools effectively hire equipment from a supplier by taking on a loan from a bank who funds the supplier.
More:
http://www.bbc.co.uk/news/education-16441186
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