The FCC has announced the inflation-adjusted cap for the E-Rate program for Funding Year 2023 which is $4.768 billion, a 7.0% increase from Funding Year 2022. The Universal Service Administrative Company (USAC) reported that the total demand for Funding Year 2023 is estimated at $2.944 billion. Since 2016, E-Rate program demand has been well below the available cap, allowing for funding for all requests submitted in a timely manner and in accordance to program requirements.