I’ve been using VBE10 for a while on a managed network.
What we did was to map the project files on a shared area on the network where the pupils can run the project files
VBE10 also converts older VB file and seems to work OK
I know some schools have managed to run the exe files from their own folders..
Also It’s free so they can Install it at home
I would say the only downside is because its a Microsoft product a Registration key (free from microsoft site) for each PC, this should only need to be once.