For the last three years, U.S. schools have been in an unusual position: They had lots of money to spend.

The federal government invested $190 billion in pandemic aid for schools; the largest chunk, $122 billion, came in 2021 to help students recover. Altogether, it was the largest one-time federal investment in American education, but it came with a major question: Would it work?

Two separate studies, released on Wednesday, suggest that the money helped, but not as much as it could have.

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