Carol Burris: Charter Schools Ask for Federal Money Though They Suffered No Loss
Carol Burris, executive director of the Network for Public Education, expresses outrage because the National Alliance for Public Charter Schools has asked for federal rescue money for charter schools, although they have suffered no losses.
She writes:
Shame on the National Alliance for Public Charter Schools!
I have great sympathy for small businesses that are devastated by COVID-19. And I am glad that the Small Business Administration is giving those businesses low-interest loans to cushion the blow. It is shocking, therefore, that the National Alliance of Public Charter Schools is actively encouraging its members to take advantage of those taxpayer funds intended for small businesses, although their income has not been interrupted at all.
Read below what the National Alliance of Public Charter Schools included in its weekly newsletter:
“SBA Emergency Loans Now Available to Charter Schools
“The U.S. Small Business Administration (SBA) now has authority to offer emergency loans to both small businesses and nonprofits under its Economic Injury Disaster Loan (EIDL) program in eligible areas. While SBA authorities are focused on small businesses, we worked with federal lawmakers to ensure that the loan funding for this crisis is offered to charter schools and other nonprofits to borrow up to $2 million for up to 30 years at 2.75 percent for nonprofits. These loans are designed to help businesses and nonprofits meet CONTINUE READING: Carol Burris: Charter Schools Ask for Federal Money Though They Suffered No Loss | Diane Ravitch's blog