Not like Mississippi schools could use the money for books, or teachers, or whatever.... I'm sure that this practice is already lifting the standardized scores, graduation rates, and general quality of education in Ms.
So the kids go from cribcams to preschool cams to school cams to the "Always On Panopticon."
I haven't found anyone that is studying the psychological effects of being under constant surveillance. Maybe something coming out of the prison system. I tend to think that humans (as currently configured) require some privacy, and that the long term effect of being watched all the time is not good, especially if you feel powerless in relation to the watchers, as these schoolkids are.
Suggested reading: Running Wild, J.G. Ballard
As usual, Ballard tapped into deep weirdness years before other people even got hip that there's an issue.