Sat Feb 23, 2013, 05:03 PM
Scuba (39,100 posts)
Tax Payers Fund For-Profit Charter Schools as They Fail Miserably
ALEC, Jeb Bush and other filthy fingerprints are all over this ...
Increasingly, the alarms are being raised. K12 Inc., founded by former Education Secretary Bill Bennett in 2000, is a publicly traded company projecting FY 2013 revenue of $840 to $860 million. K12 Inc. is paid public money to run virtual schools in a number of states. They also have subsidiary virtual schools and sell curriculum to other on-line academies throughout the country.
For example, K12 Incís Tennessee Virtual Academy which is being scrutinized for just 16% of its 3,200 students in K-8 meeting standards in math. There are also questions about emails directing teachers to delete bad grades.
Or, Colorado Virtual Academy (COVA) which in 2011, through aggressive marketing by K12 Inc., grew to 5,000 students. However, the academy posted a 12% graduation rate and high drop-out rate. Further complaints on Colorado Virtual Academyís performances and management have led to recommendations that the operating charter not be renewed.
It becomes obvious that the profit motive is pervasive. The private corporation bottom line trumps education value, commitment to teachers, and is fleecing a desperate public looking for answers for the education of their children. Money is drained from public education and does not go toward an enhanced education for non-traditional students, but into the pockets of corporate raiders. Perhaps their poor performance, failing students, unhappy families, and unprofessional treatment of teachers to boost the bottom will become apparent enough that the oppressed will become empowered to take back the education of their children.
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