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Funding Year 2010 Commitments Surpass $2.5 Billion

Funding commitments for Funding Year 2010 surpassed the $2.5 billion mark on May 16, 2011 with Funding Wave 050. USAC released the fiftieth funding wave of FY10, approving $22.25 million in requests. Funding wave 050 included 567 approved requests from 130 applicants, averaging $171,124.21 per applicant. The wave also approved 227 service provider requests averaging $98,000.65 per request. The wave included the denial of 128 requests, totaling $16.98 million. The breakdown for FY2010 commitments is as follows: Telecommunications Service: $1,350,604,182.29 Internet Access: $384,398,323.50 Internal Connections: $617,837,570.79 Basic Maintenance: $164,389,449.76 Continue to check Funds For Learning’s Wave Announcement page for the latest E-rate news on funding announcements.

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