Should a College Purchase or Rent In-Room Safes for Students?

  • We have reviewed safe rental programs offered by competitors.
  • Students electing to rent a safe are typically charged $140 year.
  • The College or University receives from the renting company $37.50 per year or $562 over a 15 year period.
  • Purchasing the safe from SafePlace will generate a net profit of $101 per year or $1,515 per year over a 15 year period. That is 2.7 times greater than the safe rental program.
  • This creates $950,000 more for the university per 1,000 safes.

The complete SafePlace program includes:

  • Safe, Delivery, Installation
  • Security Override Units
  • Full Maintenance (parts and labor) for 15 years
  • Training
  • 24/7 Toll-Free Service Hotline
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