NEW: Central Falls Gets $10M Loan from Bill and Melinda Gates
Wednesday, March 06, 2013
The Central Falls School District announced yesterday it had received a $10 million loan from the Bill and Melinda Gates Foundation.
Central Falls announced yesterday that it has received a $10 million low-cost loan from the Bill and Melinda Gates Foundation to help pay for an increase in the number of seats in five of the district’s high-performing charter schools.
The money, which will be used to provide low and no-interest loans, may ultimately lead to a number of other loans for projects at anywhere from five to seven schools.
Central Falls Mayor James Diossa said the news was welcomed by the struggling city.
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Comments:
Odd Job
9:12am on Wednesday, March 06, 2013
Yes, more charter schools. Slay the union beast from the inside.
David Beagle
9:22am on Wednesday, March 06, 2013
$64,000 question, how does Central Falls plan to pay back the loan?
tom brady
11:25am on Wednesday, March 06, 2013
Still waiting for someone to answer David Beagle's question.
john santangelo
12:08pm on Wednesday, March 06, 2013
Stop selling out to corporate America and corporate controlled charter schools. Take care of your public schools Central Falls. What a travesty! Once again data controlled, "high-performing" charter schools get the lion's share of the money and struggling, data manipulated public schools that could truly benefit from additional funding are made to continue without assistance. This is yet another step in the corporate sponsored (and Deborah Gist supported) take over of our public school system to further divide the have's and the have not's. Don't stand for it residents of Central Falls!
Charles Marsh
1:11pm on Wednesday, March 06, 2013
Corporate run schools? The freckin' world is run by corporations. What else is new?