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While financiers generally believe that charter schools should not commit more than 12-15 percent of their per-pupil revenue to debt service, many charter schools spend an average of 20-25 percent of their instructional revenue on lease payments or repaying loans and bonds, and a few report debt repayment costs as high as one-third of their per-pupil revenue.
Source: The Finance Gap: Charter Schools and Their Facilities, New York University, Institute for Education and Social Policy, 2004, www.liscnet.org.
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