Worth noting: in case you thought charter school takeovers were a done deal, Fitch says their view is “generally negative” for charter schools.
Originally posted on Diane Ravitch's blog:
Well, we are into big-time business talk about education.
For-profit colleges are losing market share.
K12 Inc.’s stock price drops after Wells Fargo downgraded its rating in response to the poor performance of K12’s Colorado Virtual Academy, where the graduation rate is 22 percent.
Now a rating agency finds that despite the passage of an ALEC-style amendment in Georgia, allowing a gubernatorial commission to open charters over the objections of local school boards, and despite a likely charter victory in Washington State, the charter sector as a whole is a risky investment. Read the analysis here.
Hey, is any of this about education or just about increasing market share and profits and return-on-investment?