BASIS Charter Debt: Pyrmid-Like Dependence on Opening New Schools?

deutsch29: Mercedes Schneider's Blog

In April 2017, I began examining the growing debt of Basis Charter Schools, which originated in Arizona and have since expanded to Washington, DC, and Texas. In the resulting post, I explore Basis’s finances in detail. The post is worth a read in its own right, but for now, let me offer some excerpts:

It sounds like BASIS is pretty AP-centered; even on its curriculum/diploma webpage, BASIS counts AP exams as “foundational for learning.”

And for all of its detail, the same curriculum/diploma webpage alludes to BASIS’s founders only in general terms: “founded by two economists.” No names.

Still, one can find those names on the BASIS “about” page:

Michael and Olga Block.

BASIS is a tough school; one gains this sense by reading the ~160 comments on the GreatSchools BASIS Scottsdale page. And for more on the BASIS school story/debate, one can read the back-and-forth between Network for Public…

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