They are officially closed. It was a profitable run for the owners. A terrible waste for most of the students.
The Tenth Period Blog has crunched some numbers:
"Here's the amazing thing. Between 2012-2013 and 2015-2016 (the school's most recent audited school year), Lager's for-profit companies received $83.6 million in public funds. Meanwhile, ECOT only paid $82.9 million for its teachers "
http://10thperiod.blogspot.com/2018/01/ecot-in-receivership-ecot-paid-more-to.html
Others continue to survive despite their failing grades.
I heard an ad on NPR for OHDELA today another Ohio virtual school trying to profit on the demise of ECOT.
Time to start a dead pool. Who is next?
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