Revoked charters could be forgiven $12M in loans


Indiana lawmakers are considering forgiving $12 million in loans that “failing” charter schools accepted from the state, as part of a broader package of state aid for charters, the Associated Press reports. The Indiana Department of Education loaned roughly $12.9 million to eight charter schools to help with startup costs, and they still owe $12 million to the state, according to documents obtained by The Associated Press. Seven whose charters were revoked by Ball State University in January would be absolved of payments, along with another school which did not seek to renew its charter. “Why did they get their charter revoked?” asked Senate Appropriations Chairman Luke Kenley, R-Noblesville. “If they were (educating students) and it was a good faith effort and they were in good standing at that time, maybe it should be paid for them.”

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