Embattled virtual charter school closes after financial mismanagement
06/18/2015
The Indiana Cyber Charter School will close on June 30 after financial mismanagement and administrative issues. According to the Statehouse File:
A Trine University board will shut down the online-only school it chartered three years ago due to management and academic problems, leaving more than 1,100 Hoosier students from across Indiana to find a new place to attend classes.
Last year, ISTA was the first to report of a federal lawsuit filed against the virtual charter school.
National Network of Digital Schools (NNDS) is suing the online charter school for non-payment amounting to roughly $600,000. For the last school year according to a recent school funding formula run, Indiana Cyber received $1.3 million in taxpayer money from the State of Indiana, and is due another $1.3 million for next school year.
The charter school’s closure comes on the heels of the closing of three other charter schools this month by Ball State University.