A recent article from the John Locke Foundation concluded that although there continues to be negative coverage
against for-profit charter schools, the facts show a different story. Some of the more prevalent arguments, like for-profit charter schools make a profit at the expense of the students they serve, are illogical since charter that do not maximize student achievement will permanently close.
For-profit charters are ultimately the exception rather than the rule; only 13 percent of the nation’s charters are managed by for-profit companies. Even if there were triple the current number of for-profit charters, they would still make minimal profit compared to other corporations selling education-related goods and services to schools and consumers. The costs of maintaining a school are high, with spending on materials and supplies reaching about $43 billion with $58 billion going toward services in 2014.
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