Common Core: New Frontiers in Profit – Democratic Underground

21 Jan

How does the growth of charter schools depend upon the Rotten Common Core? See below. Thanks to Stan Karp:

The new report was developed by the Parthenon consulting group, a Boston-based global management firm that identifies investment opportunities in education. Last summer, Parthenon executive Rob Lytle made a presentation on “private equity investing in for-profit education companies” to an elite group of investors in NYC.

He told them the coming implementation of the common core standards and assessments would create a lucrative opportunity: “Think about the upcoming rollout of new national academic standards for public schools, he urged the crowd. If they’re as rigorous as advertised, a huge number of schools will suddenly look really bad, their students testing way behind in reading and math. They’ll want help, quick. And private, for-profit vendors selling lesson plans, educational software and student assessments will be right there to provide it. You start to see entire ecosystems of investment opportunity lining up…It could get really, really big.”

Anderson is scheduled to present the Parthenon report to the Newark Advisory Board tonight. More…

via Common Core: New Frontiers in Profit – Democratic Underground.

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