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Record Funding Commitment Pace Continues

In the first seven funding waves of Funding Year 2022, USAC has processed more than 40,000 FRNs, committing almost $1.7B for schools and libraries across the country.  So far, the pace of commitments has significantly outpaced prior funding years, with approximately $400M more committed for FY2022 than in the first seven waves of FY2020.

In addition to record commitments, funding request denials (or cancellations) in the first seven waves are at a record low, with the amount rejected for FY2022 at roughly half the rate in the past two Funding Years.

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