Latest News and Comment from Education

Wednesday, December 16, 2020

Carol Burris: How Charter Schools Cashed in on the Paycheck Protection Program | Diane Ravitch's blog

Carol Burris: How Charter Schools Cashed in on the Paycheck Protection Program | Diane Ravitch's blog
Carol Burris: How Charter Schools Cashed in on the Paycheck Protection Program




Dr. Carol Burris is the executive director of the Network for Public Education, a nonpartisan nonprofit organization that works to strengthen and improve public schools. Nearly 400,000 people in every state support its activities. Burris was a teacher and an award-winning principal in New York State.

This summer, the Network for Public Education reported that charter schools had received between one and two billion dollars in Paycheck Protection Program (PPP) Small Business Administration loans. In most cases, these low-interest loans will not have to be paid back, resulting in a windfall for recipients. 

PPP amounts were initially reported in ranges and excluded any grantees that received below $150,000. Thanks to reporters’ persistence, however, we now know the exact amount and the smaller grantees who received PPP.

We matched the amounts with our previously identified group of charter schools and charter chain recipients. In total, those charters received an astounding $1,279,455,958. You can find a complete list of the charter schools and what they got here.

In addition to schools, charter support and advocacy CONTINUE READING: Carol Burris: How Charter Schools Cashed in on the Paycheck Protection Program | Diane Ravitch's blog