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Fostering Charter School Growth through State Loan Programs

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Title: Fostering Charter School Growth through State Loan Programs
Language: English
Authors: Grover, Lisa S., Quisenberry, Brooke, National Alliance for Public Charter Schools
Source: National Alliance for Public Charter Schools. 2022.
Availability: National Alliance for Public Charter Schools. 1101 15th Street NW Suite 1010, Washington, DC 20005. Tel: 202-289-2700; Fax: 202-289-4009; e-mail: contact@publiccharters.org; Web site: http://www.publiccharters.org
Peer Reviewed: N
Page Count: 9
Publication Date: 2022
Intended Audience: Policymakers; Community
Document Type: Reports - Research
Education Level: Elementary Secondary Education
Descriptors: Charter Schools, Educational Finance, State Legislation, Educational Facilities, Financial Support, Public Officials, State Departments of Education, State Policy, Elementary Secondary Education, Accuracy, Information Sources, Loan Repayment, Funding Formulas, Eligibility, Costs
Geographic Terms: District of Columbia, Tennessee, Louisiana, California, Florida, Illinois, New Mexico, Nevada, South Carolina, Utah, Arkansas, Colorado, Indiana, Rhode Island
Abstract: Finding funds to build and renovate facilities is a major hurdle for public charter schools because most state laws do not provide charter schools with the full amount of state and local funding that other public schools receive. Although an increasing number of states are passing laws to address charter school facility funding gaps, inequities persist in every state. To help close these funding gaps, thirteen states and the District of Columbia (D.C.) have statutorily enacted a charter school loan program. Of these, ten are funded and remain active--California, D.C., Florida, Illinois, Louisiana, Nevada, New Mexico, South Carolina, Tennessee, and Utah. Four states--Arkansas, Colorado, Indiana, and Rhode Island--have authorized a charter school loan program but do not currently provide funding. For this snapshot, the authors conducted a comprehensive review of state statutes and regulations to create a summary of loan programs, including such matters as funding levels, interest rates, repayment terms, and allowable uses. State officials from state departments of education, treasury departments, finance authorities, and state charter school organizations also verified the accuracy of this information. This is the fourth report in a series of State Policy Snapshots that provides the charter school community and policy makers with a more complete picture of the various types of loan funds designed to help charter schools achieve more favorable financing conditions for their facility acquisitions.
Abstractor: ERIC
Entry Date: 2023
Accession Number: ED625510
Database: ERIC
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  Data: Fostering Charter School Growth through State Loan Programs
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  Data: <searchLink fieldCode="AR" term="%22Grover%2C+Lisa+S%2E%22">Grover, Lisa S.</searchLink><br /><searchLink fieldCode="AR" term="%22Quisenberry%2C+Brooke%22">Quisenberry, Brooke</searchLink><br /><searchLink fieldCode="AR" term="%22National+Alliance+for+Public+Charter+Schools%22">National Alliance for Public Charter Schools</searchLink>
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  Data: <searchLink fieldCode="SO" term="%22National+Alliance+for+Public+Charter+Schools%22"><i>National Alliance for Public Charter Schools</i></searchLink>. 2022.
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  Data: National Alliance for Public Charter Schools. 1101 15th Street NW Suite 1010, Washington, DC 20005. Tel: 202-289-2700; Fax: 202-289-4009; e-mail: contact@publiccharters.org; Web site: http://www.publiccharters.org
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  Data: 9
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  Data: 2022
– Name: Audience
  Label: Intended Audience
  Group: Audnce
  Data: Policymakers; Community
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  Data: <searchLink fieldCode="EL" term="%22Elementary+Secondary+Education%22">Elementary Secondary Education</searchLink>
– Name: Subject
  Label: Descriptors
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Charter+Schools%22">Charter Schools</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Finance%22">Educational Finance</searchLink><br /><searchLink fieldCode="DE" term="%22State+Legislation%22">State Legislation</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Facilities%22">Educational Facilities</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+Support%22">Financial Support</searchLink><br /><searchLink fieldCode="DE" term="%22Public+Officials%22">Public Officials</searchLink><br /><searchLink fieldCode="DE" term="%22State+Departments+of+Education%22">State Departments of Education</searchLink><br /><searchLink fieldCode="DE" term="%22State+Policy%22">State Policy</searchLink><br /><searchLink fieldCode="DE" term="%22Elementary+Secondary+Education%22">Elementary Secondary Education</searchLink><br /><searchLink fieldCode="DE" term="%22Accuracy%22">Accuracy</searchLink><br /><searchLink fieldCode="DE" term="%22Information+Sources%22">Information Sources</searchLink><br /><searchLink fieldCode="DE" term="%22Loan+Repayment%22">Loan Repayment</searchLink><br /><searchLink fieldCode="DE" term="%22Funding+Formulas%22">Funding Formulas</searchLink><br /><searchLink fieldCode="DE" term="%22Eligibility%22">Eligibility</searchLink><br /><searchLink fieldCode="DE" term="%22Costs%22">Costs</searchLink>
– Name: Subject
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22District+of+Columbia%22">District of Columbia</searchLink><br /><searchLink fieldCode="DE" term="%22Tennessee%22">Tennessee</searchLink><br /><searchLink fieldCode="DE" term="%22Louisiana%22">Louisiana</searchLink><br /><searchLink fieldCode="DE" term="%22California%22">California</searchLink><br /><searchLink fieldCode="DE" term="%22Florida%22">Florida</searchLink><br /><searchLink fieldCode="DE" term="%22Illinois%22">Illinois</searchLink><br /><searchLink fieldCode="DE" term="%22New+Mexico%22">New Mexico</searchLink><br /><searchLink fieldCode="DE" term="%22Nevada%22">Nevada</searchLink><br /><searchLink fieldCode="DE" term="%22South+Carolina%22">South Carolina</searchLink><br /><searchLink fieldCode="DE" term="%22Utah%22">Utah</searchLink><br /><searchLink fieldCode="DE" term="%22Arkansas%22">Arkansas</searchLink><br /><searchLink fieldCode="DE" term="%22Colorado%22">Colorado</searchLink><br /><searchLink fieldCode="DE" term="%22Indiana%22">Indiana</searchLink><br /><searchLink fieldCode="DE" term="%22Rhode+Island%22">Rhode Island</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Finding funds to build and renovate facilities is a major hurdle for public charter schools because most state laws do not provide charter schools with the full amount of state and local funding that other public schools receive. Although an increasing number of states are passing laws to address charter school facility funding gaps, inequities persist in every state. To help close these funding gaps, thirteen states and the District of Columbia (D.C.) have statutorily enacted a charter school loan program. Of these, ten are funded and remain active--California, D.C., Florida, Illinois, Louisiana, Nevada, New Mexico, South Carolina, Tennessee, and Utah. Four states--Arkansas, Colorado, Indiana, and Rhode Island--have authorized a charter school loan program but do not currently provide funding. For this snapshot, the authors conducted a comprehensive review of state statutes and regulations to create a summary of loan programs, including such matters as funding levels, interest rates, repayment terms, and allowable uses. State officials from state departments of education, treasury departments, finance authorities, and state charter school organizations also verified the accuracy of this information. This is the fourth report in a series of State Policy Snapshots that provides the charter school community and policy makers with a more complete picture of the various types of loan funds designed to help charter schools achieve more favorable financing conditions for their facility acquisitions.
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  Data: 2023
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  Data: ED625510
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED625510
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 9
    Subjects:
      – SubjectFull: Charter Schools
        Type: general
      – SubjectFull: Educational Finance
        Type: general
      – SubjectFull: State Legislation
        Type: general
      – SubjectFull: Educational Facilities
        Type: general
      – SubjectFull: Financial Support
        Type: general
      – SubjectFull: Public Officials
        Type: general
      – SubjectFull: State Departments of Education
        Type: general
      – SubjectFull: State Policy
        Type: general
      – SubjectFull: Elementary Secondary Education
        Type: general
      – SubjectFull: Accuracy
        Type: general
      – SubjectFull: Information Sources
        Type: general
      – SubjectFull: Loan Repayment
        Type: general
      – SubjectFull: Funding Formulas
        Type: general
      – SubjectFull: Eligibility
        Type: general
      – SubjectFull: Costs
        Type: general
      – SubjectFull: District of Columbia
        Type: general
      – SubjectFull: Tennessee
        Type: general
      – SubjectFull: Louisiana
        Type: general
      – SubjectFull: California
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      – SubjectFull: Florida
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      – SubjectFull: Illinois
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      – SubjectFull: New Mexico
        Type: general
      – SubjectFull: Nevada
        Type: general
      – SubjectFull: South Carolina
        Type: general
      – SubjectFull: Utah
        Type: general
      – SubjectFull: Arkansas
        Type: general
      – SubjectFull: Colorado
        Type: general
      – SubjectFull: Indiana
        Type: general
      – SubjectFull: Rhode Island
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    Titles:
      – TitleFull: Fostering Charter School Growth through State Loan Programs
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            NameFull: National Alliance for Public Charter Schools
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            NameFull: Grover, Lisa S.
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              M: 09
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              Y: 2022
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