First American Education Finance (FAEF) Agreement

This agreement allows all ICUT members to purchase products and services for institutional use through the Coalition for College Cost Savings (CCCS), a national consortium of independent college and university state associations. Members who have an existing contract with this company may still participate and receive the reduced CCCS contract rate if desired.

FAEF has been a lease financing partner with CCCS and ICUT since 2008. The company focuses on long-term relationships with a 96% customer satisfaction rate, 70% of business from repeat customers, and over 300 higher education customers nationwide.

This agreement provides volume-discounted rates, pre-negotiated Master Lease terms and conditions, experts specializing in serving higher education, and a dedicated Project Manager. An on-line asset management tool and old equipment sale/disposal services are offered complementary.

Some commonly leased items include:


  • Telecommunications equipment
  • Video and broadcasting equipment
  • Videoconferencing systems

Computer Products

  • Data storage systems
  • Hardware and software
  • LAN/WAN hardware
  • Network security systems
  • Software implementations
  • Student notebook programs

Equipment and Furniture

  • Athletic, stadium, and fitness equipment
  • Dining hall equipment
  • Office, dorm, or library furniture
  • Medical and laboratory equipment


  • Construction services
  • Consulting and implementation services
  • Document imaging and archival systems
  • Pre-paid technical support
  • Point-of-sale systems

For additional information about FAEF click here or contact Phil Palermo, Assistant Vice President ( or (561) 366-2182).

To access more information about this agreement through CCCS’ website, contact Lois Hollis, ICUT's Director of Member Services, to obtain a username and password.