By the end of 2021, state education agencies had received the largest single federal allocation for K-12 education in the nation’s history, more than three times the federal budget for education in 2019 and amounting to some $3,700 per student.

Ninety percent of that amount was to be passed through to local agencies, creating a $171 billion windfall for the country’s roughly 98,000 public and 32,000 private schools.