After payment of an initial 15% deposit, students and faculty will be able to pay the balance of the device cost in instalments over a 24-month period (to be confirmed based on financier proposals). Payments will be collected by the universities as they have an existing financial relationship with the students. The universities shall then remit the collected loan repayment amounts to KENET on behalf of the students. Participating universities shall be required to enforce full laptop loan recovery before clearing students for graduation. KENET is working with HELB to leverage on their existing follow-up mechanisms with regards to loan repayments.
Students and faculty will pay the total cost of the device upfront in a one-off payment.