The Speak Up Research Project is a national initiative of Project Tomorrow, an internationally recognized education nonprofit organization dedicated to ensuring that all students are prepared to become tomorrow's leaders, innovators and engaged citizens of the world. Each year, the Speak Up Project polls K-12 students, parents, and educators about the role of technology for learning in and out of school. This year's national briefing paper examines the important topic of the peril vs. promise value proposition for digital learning through a three-part analysis of the authentic feedback collected from over 343,500 K-12 students, parents, teachers and administrators during the 2018-19 school year. year. Key findings shared in this paper include how students are using technology in school and out of school to support learning and the differences in how students and educators view the value proposition around digital learning. Additionally, three top concerns with digital learning today were examined -- parents' worries about too much screen time, teachers' effectiveness with using technology, and the Homework Gap as a representation of technology equity.