Millions of American households could see a steep increase in internet costs next year, with Black and Hispanic families bearing most of the burden. Sometime around the middle of 2024, the Affordable Connectivity Program will run out of money. The federal program offers monthly subsidies of $30 to $75 to help low-income households pay for home internet. It was initially born out of a pandemic-era program called the Emergency Broadband Benefit in 2021, which was replaced six months later by the longer-term ACP when Congress devoted $14.2 billion to the program as part of the Infrastructure Investment and Jobs Act.
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