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How does the scheme work?
Ergo Finance will monitor student payments and proactively work with the
insurance partners should it become necessary. The university/college will
be periodically updated on the status of the scheme as required.
- The university/college agrees in principle with Ergo Finance to run a laptop scheme.
- The scheme is promoted by Ergo Finance, through the university/college, with, in the case of universities, pre-prepared jointly-branded marketing material being sent with offer and confirmation letters (Information Pack 1).
- For both universities and colleges, another information pack, including acceptance documents, will be provided to students on their arrival at the start of term (Information Pack 2). Ergo will support the university/college by providing resources and demonstration laptops during enrolment activities.
- Student documents consist of a simple order form, a sub-lease agreement and a direct debit mandate.
- Ergo Finance asks the university/college only to provide a collection point for the student acceptance forms. We also suggest, for ease of administration, the opening of a separate bank account for the scheme.
- Once the student forms have been collected, Ergo Finance will create a master lease, master order and master insurance agreements.
- Ergo Computing will provide an agreed delivery schedule and manage and support the delivery of the laptops, together with initial training for the students.
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