{"id":1534,"date":"2019-01-09T09:31:28","date_gmt":"2019-01-09T16:31:28","guid":{"rendered":"https:\/\/grandcanyoninstitute.org\/?p=1534"},"modified":"2019-01-10T00:04:00","modified_gmt":"2019-01-10T07:04:00","slug":"red-flags-overleveraged-debt","status":"publish","type":"post","link":"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/","title":{"rendered":"Red Flags: Overleveraged Debt"},"content":{"rendered":"<p>Ten percent of charter sites are in significant financial distress with closure a near certainty due to excessive debt and poor underlying financials. Another 10 percent are at risk of closure. Charter school sudden closures during the school year from FY 2016 through the Fall of 2018 have resulted from financial issues related to charter long-term, lease-adjusted debt on those properties. Unfortunately, many charter operators were allowed to borrow based on projected student enrollment growth, i.e., using future educational revenues from students as a guarantee for their bond debts.<\/p>\n<p>The report includes recommendations on how to improve oversight to improve charter school finance going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ten percent of charter sites are in significant financial distress &hellip; <a href=\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":1541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61,29,12],"tags":[31,30,101,53,102,37,103],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Red Flags: Overleveraged Debt - Grand Canyon Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Red Flags: Overleveraged Debt - Grand Canyon Institute\" \/>\n<meta property=\"og:description\" content=\"Ten percent of charter sites are in significant financial distress &hellip; Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Grand Canyon Institute\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-09T16:31:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-10T07:04:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/grandcanyoninstitute.org\/wp-content\/uploads\/2019\/01\/charter-report-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dave Wells\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dave Wells\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/\",\"url\":\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/\",\"name\":\"Red Flags: Overleveraged Debt - Grand Canyon Institute\",\"isPartOf\":{\"@id\":\"https:\/\/grandcanyoninstitute.org\/#website\"},\"datePublished\":\"2019-01-09T16:31:28+00:00\",\"dateModified\":\"2019-01-10T07:04:00+00:00\",\"author\":{\"@id\":\"https:\/\/grandcanyoninstitute.org\/#\/schema\/person\/86bb16faf526a9b40eb4219437857694\"},\"breadcrumb\":{\"@id\":\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/grandcanyoninstitute.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Red Flags: Overleveraged Debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/grandcanyoninstitute.org\/#website\",\"url\":\"https:\/\/grandcanyoninstitute.org\/\",\"name\":\"Grand Canyon Institute\",\"description\":\"GCI\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/grandcanyoninstitute.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/grandcanyoninstitute.org\/#\/schema\/person\/86bb16faf526a9b40eb4219437857694\",\"name\":\"Dave Wells\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/grandcanyoninstitute.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/60876ef2165f0f24b58b2ca3fc3dcbce?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/60876ef2165f0f24b58b2ca3fc3dcbce?s=96&d=mm&r=g\",\"caption\":\"Dave Wells\"},\"url\":\"https:\/\/grandcanyoninstitute.org\/author\/dwells\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Red Flags: Overleveraged Debt - Grand Canyon Institute","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/grandcanyoninstitute.org\/research\/red-flags-overleveraged-debt\/","og_locale":"en_US","og_type":"article","og_title":"Red Flags: Overleveraged Debt - Grand Canyon Institute","og_description":"Ten percent of charter sites are in significant financial distress &hellip; 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