"the U.S. Department of Education announced it has finalized rules to strengthen oversight of the federal Charter Schools Program (CSP) which had wasted nearly a billion dollars and was marred by waste, fraud, and abuse, and was a major funder for charter chains. I A Fact Sheet about its new rules declares that it will no longer award our federal tax dollars to supposedly nonprofit charter schools which are operated under sweeps contracts by huge for-profit charter management organizations that defrauded of hundreds of millions of school dollars…The administration’s goal in issuing the new rules is to prevent private companies from using federal dollars to open charter schools and to curb premature closures. 15%of the charter schools that receive funding from the program either never open or close before the three-year grant period is over!"
At dianeravitch.net
