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Funding Models for eLearning in Education

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Funding Models for eLearning in Education

Executive Summary
As countries prepare to participate fully in the increasingly knowledge-based, digital global economy, their education systems must evolve to better prepare tomorrow’s workforce with 21st century skills—technology literacy and the problem solving, creativity, and collaboration skills that it promotes. One approach that holds promise for creating this shift is eLearning—the use of technology to support improved teaching and learning outcomes.

Funding models for eLearning initiatives can include:
• Public-Private Partnerships – government-backed loans, bundled service agreements, seed funding, support from religious institutions, NGOs, and micro-financing
• Technology Grants – including public funding and private grants for hardware, software, and training
• Bonds, Leasing and Universal Service Fees – community bonds, technology leasing, and the use of telecommunications access fees
• Parent or Individual Financing – bring-your-own-device options, tax relief, and user fees

Despite the growing worldwide recognition that eLearning initiatives are vital to future economic development, governments and educators are still struggling with the question of how to fund them within constrained national and education budgets. This paper suggests a variety of funding options as well as profiles of success stories from specific implementations.< br>
Read the full Funding Models for eLearning in Education white paper.