Money given by the Federal government for the purpose of education is known as Federal Funding Education. Federal government assist common people in many fields like setting up a small business, building or repairing house, sudden health care expenses and various other needs. Educational grants are given to aid the institutions and colleges to function in better ways.
Education is a sector which builds the citizens of nation. It is the place where future generations are equipped with fundamental skills to cope up with the improving technology. School or college is considered to be ‘temple’ where one gets to know the art of learning and the basic art of living. Hence there is no dispute in the fact that education is vital for the development of self and nation. That being the case it is natural that reasonable amount of money is allocated in all states for funding educational needs.
Federal funding for education not only provides grants for scholarships but also offers solution for research and development. Federal government funds money for purchasing computers which also forms part of imparting knowledge. It also supports building up of classrooms, labs, and other basic elements of school or college.
Who can avail funds from federal system for the purpose of education?
Not only individuals from public but non-government organization (NGO) can receive funding from Federal government. Sometimes, the funds may be rooted through State government or any other means to reach the institution. Also, parts of local government like parishes and counties may be channeled for distributing funds for education. So, the recipients of federal funding education are not only people from all walks of life, but it also includes number of schools, colleges, educational institutes and research organizations.
United States department of education promotes the students to achieve more and encourages them to prepare for global competition by offering excellent education in all fields of learning. The education department is the sole authority for granting funds for education. It has its prime focus on governing the policies of federal education, funding for education, and monitoring the funds against any misappropriation of fund. It also engages in collecting statistics about schools of America and research on American schools by other countries. It uses a common method of single audit system to monitor the funds where the records of the recipients are checked by a team of members whether the funds are used only for the purpose it was meant.
Federal funding education is not without criticism. Some people opine that it takes control of the educational system for which it provides grants and this may be reducing their freedom of providing good education.