You've been hearing a lot about the FCC lately due to the net neutrality debate. While we're still waiting for a decision from the agency on that issue, Chairman Tom Wheeler did make another significant announcement that will affect your kids and grandkids. The FCC is adding $1.5 billion to its school budgets to help bring high-speed fiber Internet connections to schools.
In a call this morning, Chairman Wheeler is announcing a 62 percent increase in the amount the FCC spends on school internet, raising the annual cap on school-related FCC funding from $2.4 billion to $3.9 billion.
The FCC provides money for schools as part of the e-Rate program. E-Rate is one of the programs funded by a surcharge on your phone bill called the Universal Service Fund. The FCC has said the overall cost per household will be about $2.
"While the impact on consumers will be small, the impact on children, teachers, local communities and American competitiveness will be great," the FCC said in a statement.
The money will be used to establish Wi-Fi networks at schools and expand broadband fiber networks to schools to improve Internet speeds and connectivity.