Edit
Correct information below, but doesn’t apply in this case.
SecureW2 is a service to automatically enroll RADIUS Server certificates to connect to WPA Enterpise networks (Wifi that you have to login with with username and password).
Edit done
Usually, all encrypted traffic is end to end encrypted with certificates validated by a trusted entity (so called certificate authority, e. g. LetsEncrypt, DigiCert, GlobalSign, Google, …)
Your device however trusts an additional authority: your school.
If your school is able to intercept the traffic, they can theoretically swap out the certificate websites are encrypted with with their own cert, and read all traffic that’s usually encrypted as plain text.
On other networks, it’s unlikely that they continue to monitor traffic as they need to change out the cert which is more difficult on networks they don’t control, but I wouldn’t risk it.
You can see which certificates websites are encrypted with by opening a browser, going to a website and clicking on the lock icon (or tweak icon on newer installations of Chrome / Chromium browsers) and navigating to the certificate.
The Certificate Authority should be a globally trusted Organisation, not some local certificate or unnamed certificate.
Keep in mind that just because traffic might be encrypted by a proper certificate issued by a trusted CA doesn’t mean that what you do is private or secure, as you can never truly trust school / work issued devices.
Never log in to private accounts or add private information or browse on sensitive sites with devices managed by work / school.