Posted on October 20th, 2010 No comments
As reported in the past few days on NJ.com, New Jersey has seen an upsurge in the number of charter school applications for the next school year. Thanks in part to a charter-friendly administration and a national awareness of charter schools, applications to open these schools in the state have reached a record high. The state Department of Education has received around 50 applications for new charters. Applicants include virtual schools, a Hebrew language school, schools with ties to out-of-state charter networks and religious groups.
Some of the potential schools, like the New Jersey Virtual Academy Charter School, will provide things like desktop computers to their students to compliment their educational experience, which will be based on an online curriculum. Michael Pallante, an applicant for the Virtual Academy Charter School, explains the role of the online school:
There are a group of students that don’t qualify for the magnet schools, they have to attend district schools, and some are afraid to go. There’s a population out there that nobody else is reaching, and we’re going to reach.
Posted on October 13th, 2010 No comments
Just announced today, the Christie Administration will make available $30 million in federally subsidized bonds to New Jersey’s charter schools to help make them more competitive with traditional schools and provide for the construction of classrooms and other needed facilities. The awarding of funds will be made after a thorough application process. The deadline to apply is November 19 and the funds will focus on projects that are “shovel ready” so the monies can have an immediate effect.
The availability of these funds comes at a pressing time when many charters need to replace older structures and facilities with modern materials and amenities and it’s even more welcoming because of the low interest expense associated with the bonds. Brian Keenan, President of READS, states how the funds will help charters:
Charter schools are in the business of educating kids, not developing real estate. They don’t have equity on hand to invest in real estate and build schools. This low-interest bond money provided by the State will enable charter schools to leverage as much as 10 times this amount in private sector financing.
For the press release about the funds, click here.