NCAA Bans K12 Inc. Online Charters: No Rose Bowl, No Final Four
The NCAA has banned K12 Inc. In the future, athletes that are relying on K12 online coursework will no longer be eligible to play college sports.
The NCAA will stop accepting coursework from these schools starting with the 2014–15 school year. Coursework completed from Spring 2013 through Spring 2014 will undergo additional evaluation on a case-by-case basis when a prospect tries to use it for initial eligibility purposes. Coursework completed in Fall 2012 or earlier may be used without additional evaluation.In addition to the 24 schools above, other schools affiliated with K12 Inc. remain under Extended Evaluation. This means the NCAA will continue to review coursework coming from those schools to see whether it meets the NCAA’s core course and nontraditional course requirements. Prospects with coursework from those schools must submit additional documentation no matter when the coursework was completed.
No Rose Bowl. No Final Four.
K12 Inc online (charter/coursework) is the brainchild of “Junk Bond King” Mike Milken. Business Week reported that Mike Milken:
With K12, the largest U.S. operator of taxpayer-funded online schools, the former junk-bond king has figured out how to make money in education.
Junk Bond King, as in selling something that is worthless. Yes, that same Mike Milken that:
Was indicted for racketeering and securities fraud in 1989 in an insider tradinginvestigation. As the result of a plea bargain, he pled guilty to securities and reporting violations but not to racketeering or insider trading. Milken was sentenced to ten years in prison, fined $600 million, and permanently barred from the securities industry by the Securities and Exchange Commission.
K12 Inc is the same online charter that spend tens of millions of dollars on “marketing” (See How Cyber Charters Waste Taxpayer Dollars and Online Schools Spend Millions of Tax Dollars to Adverise
The same K12 Inc that was deemed a risky investment by the credit ratings agency– kind of like junk bonds? (See Credit-Rating Agency: Charter Schools Are Risky Investment)The same K12 Inc that financial accountability is an issue (See Private Firms=No Accountability)
The same K12 Inc that was sued by investors “who said they were misled by the NCAA Bans K12 Inc. Online Charters: No Rose Bowl, No Final Four | Cloaking Inequity: