Please ensure Javascript is enabled for purposes of website accessibility

SLD to Issue $510 Million Wave This Week

The Schools and Libraries Division announced late January 7 that on January 11 it will issue 2,670 commitment letters, totaling more than $510 million worth of E-rate funding commitments for the 2004 funding year. Details of the specific commitments included in Wave 11 will be made widely available later this week.

This latest wave, the first after legislation was signed to enable the SLD to resume its traditional practices of issuing funding commitments, will bring the volume of approved commitments for 2004 to $1.6 billion. The wave will also include, for the first time, approved funding commitments for internal connections from applicants with discount rates of as low as 81 percent.

The SLD also noted that it will be permitted to disburse $2.4 billion worth of discounts in 2004, thanks to an additional $150 million in unused funds from the 2001 funding year that it can make available. In recent years, the SLD has actually approved a higher level of commitments, recognizing that many applicants would ultimately not use their approved commitments. So far, the SLD has committed more than $2.5 billion for the 2003 funding year, with about $274 million in requests still pending.

question icon

We’re here to help!

Our mission is to provide high-quality consulting and support services for the needs of E-rate program participants. We consult with applicants to help them understand, effectively utilize, and maintain compliance with E-rate rules and regulations. We help prepare and submit paperwork, and interact with program administrators on our clients’ behalf.

Request a Consultation