Bill targets for-profit charter school federal funding loopholes

Bill targets for-profit charter school federal funding loopholes

Most Americans care about the health of our public education system. But for too long, for-profit charter operators have used legal loopholes to siphon federal dollars away from classrooms and into their own businesses. They set up networks of related companies — real estate firms, curriculum vendors, management organizations — that allow them to extract profit while hiding behind nonprofit fronts. The result is that money meant for students is …