K12 -5% as renewal to operate Agora school looks iffy

Shares of charter school operator K12 (LRN -4.9%) sink after last night's news that the board in charge of the Agora Cyber Charter School in Wayne, Pa., has put out a request for proposals to operate the school during the 2015-16 school year.

The proposals are due by July 25 and will need to include an application to renew Agora's charter agreement with the state; LRN says it is working with Agora's board of trustees on the proposal process," and that it is "confident that this process will lead to an even stronger application" to state officials.

The Agora school generated ~13% of LRN's total revenue during its FY 2012.

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  • User 16522442
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    It's time people stop falling for K12's marketing message and take a critical look at the longitudinal data regarding student performance. I don't dispute the quality of K12's curriculum. I do, however, believe potential enrollees or institutions need to ask themselves, and K12's leadership, why student performance lags in spite of the high quality curriculum. Continuing to place blame on their "at-risk" population is getting old. K12 enrollment counselors can help students and parents understand the characteristics of those students who are most successful in the virtual model and do their best to assist them in making the right choice. K12 isn't the best choice fo all students and K12 has to admit this and communicate this in the very first stages of the enrollment process. Enrollment will take a hit, but at least students won't. School choice is good for America. It challenges the system to become a better system for all students, but it shouldn't come at the expense of students. Every student failure is a failure of K12 to demonstrate it's capacity to deliver on it's marketing message. Honesty in the enrollment process; compassion for students and looking out for their best interests; and ethical business (school) practices are critical to student achievement and K12's success. One can't win and the other lose. If you don't agree with my assertions, just ask a K12 teacher or an enrollment counselor; you'll get an ear full!
    27 Jun 2014, 05:14 PM Reply Like
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