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You are here News Domestic (USA) Failed charter schools cost federal government almost $505M in nine years: report

Failed charter schools cost federal government almost $505M in nine years: report

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Charter school failuresCharter schools that never opened or that have opened then closed between 2006 and 2014 have cost the federal government almost $505 million, according to a recent report.

The Network for Public Education, an advocacy group, released a report Friday that found more than 35 percent of charter schools never opened or ended up closing down in that time frame, The Washington Post reported. Those schools received more than a half of $1 billion, or 28 percent, of the funding from the federal Charter School Program (CSP).

Through analysis of almost 5,000 schools, researchers found almost 540 schools never opened between 2006 and 2014 but were funded $45.5 million, the report said. Michigan, Secretary of Education Betsy DeVos’s home state, had the most charter schools that never opened at 72.

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