The idea has received huge support from parents and teachers, according to St Colman's principal, Jimmy Finn.
The price will be spread over a three-year period and parents have the choice of whether to equip their child with the latest high-tech gadget or the old bag and books.
St Colman's has struck a finance deal with the local credit union to make low rate loans of about €23 per month available to any family purchasing an iPad for their child.
Mr Finn said the advantage of opting for the iPad was that families would save having to pay €400 up front for school books and instead pay a more manageable €23 per month.
Mr Finn said the decision whether or not to go with the iPad was up to each individual student.
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