Federal Education Fund for States: 2024
In fiscal year 2024, the U.S. Department of Education allocated approximately $80 billion in federal funds to states for educational purposes. These funds are distributed through various programs, including Title I grants for low-income schools, special education funding, Pell Grants for higher education, and other initiatives aimed at improving educational outcomes. The exact amount each state receives varies based on factors such as student population, poverty rates, and specific program requirements.
For instance, in 2024, Virginia received about $2.55 billion in federal education funding, which equates to approximately $2,021 per pupil. This funding supports K-12 education, special education, and other educational programs within the state, according to educationdata.org
It’s important to note that the federal government’s contribution to education funding is a portion of the total expenditures, with state and local governments providing the majority of funding. In Virginia, state funding totaled $8.14 billion, or $6,457 per pupil, and local funding amounted to $10.2 billion, or $8,112 per pupil. Combined, state and local funding accounted for 2.85% of Virginia’s taxpayer income.
The federal education budget is subject to change annually based on legislative decisions and policy priorities. For the most current and detailed information, consulting the Department of Education’s official budget documents and state-specific reports is recommended.
