Over $1 Billion in E-Rate Money Lost Under Reams of Bureaucratic Red Tape

Wired had this to report today on the continuing saga of the missing e-rate funds…..
\”The e-rate has been hailed as a lifesaver for bringing schools and libraries into the information age. Now a study by the General Accounting Office reveals that $1.3 billion in e-rate funding has gone unspent, leaving some schools without the Net access that they are entitled to. What happened to the money? [more…]