Charter-School Stress Breaks Record With Pandemic Aid Ending.

BLOOMBERG LP; CHARTER schools; EDUCATIONAL finance; PANDEMICS; JUNK bonds; DEBT service; SCHOOL bonds

The number of distressed charter schools in the US has reached a record high as the sector faces the end of pandemic assistance and rising costs. Five charter schools have become impaired this year, bringing the total to 55, surpassing the previous peak during the early months of the pandemic in 2020. The growth of charter schools, which are privately run and publicly funded, has increased competition between schools for students, with smaller schools being particularly impacted. However, experts believe that the overall sector remains strong, with high demand for charter schools in states like Texas and Arizona. [Extracted from the article]

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