Support for LAist comes from
True LA stories, powered by you
Stay Connected

Share This

Education

More Than Half Of LAUSD’s Charter Schools Received Paycheck Protection Program Loans

5d794068c92b3500089d0a33-eight.jpg
Parents at Arminta Street Elementary in the San Fernando Valley neighborhood of Sun Valley protest the proposed co-location of a charter school on their campus on March 1, 2017. (Kyle Stokes/LAist)
LAist relies on reader support, not paywalls.
Freely accessible local news is vital. Please power our reporters and help keep us independent with a donation today.

We’ve long known that Los Angeles charter schools were taking out loans through a now-$659 billion federal program aimed at helping small businesses stay afloat.

That struck teachers unions and other charter critics as odd because public school funding has continued to flow during the coronavirus pandemic.

But we haven’t had a good idea how common it is for charter schools — publicly-funded, tuition-free schools — in the L.A. Unified School District to receive loans from the Paycheck Protection Program, or PPP.

At least, not until now. We dug through federal data and board documents and found PPP loans to charter schools are common:

Support for LAist comes from
  • So far, lenders have granted PPP loans to 50 different organizations that run charter schools in the L.A. Unified School District.
  • These 50 loan recipients collectively run more than half of the 224 charter schools in LAUSD.
  • In LAUSD, charter schools’ PPP loans total at least $73.6 million, but because the Small Business Administration doesn’t publish precise loan amounts, the total could be as high as $136.7 million.
  • In LAUSD, most PPP loans to charter schools are small enough that they’ll have less federal oversight — because they’re for less than $2 million.

READ THE FULL STORY:

WE ARE HERE TO HELP: HOW TO (NEW) LA

Our news is free on LAist. To make sure you get our coverage: Sign up for our daily coronavirus newsletter. To support our nonprofit public service journalism: Donate now.