In case you can't read the fine print, the mandatory $20 annual fee pays for the first repair for accidental damage and for replacement, if the device is stolen and reported to law enforcement. It does not replace a lost device.
How many computers or similar devices does Richland 2 hand out? 28,000?
At $20/year each, that's $560,000.
Is this fund self-insured? If not, it ought to be, because it could probably provide a $400,000 profit to Richland 2.
Can parents see a report on the Richland 2 website about fees vs. expenses? Could the fund still be profitable at $10/year? or less?
How big of a profit-center is the $20 annual Technology Fee?