Private and Charter Schools Received Six Times as Much COVID Funding As Public Schools
A new study of the federal CARES act funding found that private and charter schools received SIX TIMES the amount of funding as public schools from the federal coronavirus program. This may actually, as the report states, be an underestimate.
Mellissa Chang wrote:
A new analysis of Paycheck Protection Program (PPP) loans by Good Jobs First points to an imbalance in CARES Act funding between public schools on the one hand and private and charter schools on the other.
GJF’s Covid Stimulus Watch has identified at least 6,600 charter and private schools that received an estimated $5.7 billion in PPP loans, which have been made available to private companies and non-profit organizations but not public entities. This data is now available on Covid Stimulus Watch through the facility ownership search category.
PPP loan disclosures from the Small Business Administration (SBA) were reported in dollar ranges, not exact values. Covid Stimulus Watch uses the midpoint of each range to estimate loan amounts. Data released by the SBA includes NAICS industry codes for each entity; CONTINUE READING: Private and Charter Schools Received Six Times as Much COVID Funding As Public Schools | Diane Ravitch's blog