Education technology is a hot sector for innovative entrepreneurs and ambitious investors. While interest and investment in digital education skyrocket, though, the inflexibility of the existing school funding system may stifle its potential—at least according to Paul T. Hill in “School Finance in the Digital-Learning Era,” the latest installment in Fordham’s Creating Sound Policy for Digital Learning series. As Hill writes,
Our system doesn’t fund schools, and certainly doesn’t fund students. Yet to encourage development and improvement of technology-based methods, we must find ways for public dollars to do just that—and to follow kids to online providers chosen by their parents, teachers, or themselves.
The paper, released Wednesday, argues that unlocking the vast potential of digital learning requires streamlining funding into a “backpack” model where dollars follow individual students, allowing families to select from a robust and diverse range of digital and traditional educational options. Download the paper to find out more, and explore experts’ reactions on Flypaper.