Finance

What do you know about e-rate?

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The FCC’s E-rate program is a universal initiative to bring convenient telecommunication and information services to libraries and schools. This program aims to provide educational institutions with telecommunications, internet, and information services to support the future learning method.

The process of filing the documentation to register for the program is a bit overwhelming. Therefore, you have an  e-rate compliance cloud solution that helps gather and prepare necessary data for it. The Federal education rate program has two categories of funding. The first category includes internet access, and the second category involves MIB Maintenance and internal connections.

The amount provided by the FCC varies depending on the number of students in your organization. If you have more number of children who are entitled to get free lunch and accessible education, your organization will get more funds for the e-rate program.

What types of schools are eligible to receive the benefits of e-rate programs?

There are specific eligibility criteria that every school or library needs to meet to receive the FCC funds. All private schools, religious schools, elementary schools, and secondary schools can get the funding if the eligibility criteria are clear.

Suppose you have fewer or no students to receive free lunch, then you are likely to get funding lower or close to 20%. On the contrary, if you have a higher rate of students deserving free lunch, you are eligible to receive 20% to 75% of funding from the FCC.

All eligible schools for the program submit a list of the goods and services they require for their institute to the Universal Service Administrative Company. They further bid to get competitive prices for the services they want to attain.

How does cloud e-rate compliance help with the program?

A cloud computing solution offers excellent benefits to schools and libraries to gather and manage records required to apply for the program successfully. Here is what a good cloud computing service can do.

1. Record management 

With cloud computing, all essential e-rate data is kept in a centralized system for easy access. It gathers and stores all your necessary data at one central location. It eliminates the need to store any physical copy of the data. It also reduces your time and effort to browse different applications and systems to gather the required records to submit for the program.

2. It makes data management simple and secure

As you choose cloud computing to save and protect your data, you have the right to get security codes and restrict access to records. It helps prepare an audit report gathering the data for the FCC program by gathering and analyzing the data of the past ten years. Also, it generated an annual compliance report for understanding the organization’s funding needs.

3. Increases Efficiency 

Cloud computing increases the efficiency of the staff to perform other duties by reducing the human labor required to maintain these records. It also reduces the cost and effort required to organize and prepare reports.

Conclusion

If you are planning to apply for the E-rate program by FCC, you must start searching for a cloud computing solution to help you gather and maintain your compliance records. There are plenty of options available in the market, so take your time to research various companies offering cloud computing solutions, and grab the opportunity to make the most out of them.

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