In a recent Lorensbergs' survey, we sounded out why equipment lending schemes in Higher Education are so important and what supports their success. Nearly 80 higher education representatives from over 60 institutions gave us their views.
So what's the main reason why equipment lending represents such an essential service? The top answer is simple: studying becomes more financially affordable when students have opportunity to borrow key resources. After all, having access to the right equipment and technologies is of increasing importance to students’ academic success. The quickening pace of innovation and development of collaborative technologies are obvious drivers. Yet students are increasingly stretched to be able to afford all they need. Last year, average student debt totalled over £32k and it's been reported it will soon exceed £50k.
It's not all about money though - equipment lending services are an integral part of many successful degree programmes. They support creativity, enabling students to produce key media materials for their assignments. This is essential for those enrolled in journalism, film making and other media courses, but it's also an important part of a range of other subjects as students increasingly produce video as part of their studies.
Take a look at our new infographic for a further overview of the survey findings...