September 28, 2016 – Washington, D.C. – The U.S. Department of Education announced today new grants totaling approximately $245 million under its Charter Schools Program (CSP), which funds the creation and expansion of public charter schools across the nation. Today’s grants are being awarded to state educational agencies and charter management organizations.
The CSP supports the creation of high-quality public charter schools by providing start-up funds for new charter schools, strengthening accountability for charter school performance, sharing leading practices that enable school success, and ultimately, improving educational outcomes for students from high-need communities. The CSP has invested over $3 billion since the program’s inception in 1995 to states and charter school developers. In the past decade, CSP investments have enabled the launch of over 2,500 charter schools, serving approximately one million students. Through the CSP, the Department is committed to supporting the continued growth of excellent public charter schools that are closing equity gaps and improving student outcomes, and these schools’ community engagement and public accountability.