ConnectED Announces More Than $2 Billion In New Funds By Staff Reporter | Feb 06, 2014 12:16 PM EST President Obama on Tuesday announced an initiative between the Federal Communications Commission and several corporations to deliver access to high-speed Internet to 20 million students. Obama unveiled the program at Buck Lodge Middle School in Adelphi, Maryland, where the students all have tablets.The FCC will allocate $2 billion for the program, called ConnectED, while private-sector companies including telecoms AT&T and Sprint will provide another $750 million.âThe most important investment we can make to drive long-term prosperity for our country is finding smart new ways to make technology work for schools, teachers and students,â said Jim Cicconi, senior executive vice president, AT&T external and legislative affairs in a press statement. âProviding access to mobile broadband for educational purposes and the tools teachers need to help their students excel is a foundational building block to improving educational results.â AT&T will pledge more than $100 million over three years to provide middle school students with free Internet access over their wireless network. Sprint meanwhile will provide 50,000 low-income high school students with free wireless service for the next four years, which the White House says is worth $100 million.âSprint is honored to be a part of this dynamic White House program,â said Dan Hesse, Sprint CEO in a press statement. âThis initiative will build on the efforts of todayâs most innovative tech companies to help make our nationâs children better students, problem solvers, creative thinkers, and future leaders, while also training teachers to effectively use mobile technologies to improve student outcomes and prepare them for a competitive workforce.âSeveral companies in addition to AT&T and Sprint have also pledged to provide free products and services. Apple will donate $100 million worth of products including iPads and MacBooks, while Autodesk will provide every secondary school in the U.S. with their âDesign the Futureâ 3D design program. Verizon will also provide $100 million.