Michael Milken of the only 11-year old Knowledge Universe (the overseer of the K-12 distance learning organization) is looking to make his universe more of a multiverse.
Los Angeles Times, Los Angeles, California, 21 March 2007, Milken, partners seeking investors
Milken, his brother Lowell and Steven Green, former U.S. ambassador to Singapore, are principals in the partnership, which “decided to diversify its ownership by a private offering to a few highly sophisticated international institutional investors,” spokesman Geoffrey Moore said.
Consultant Stan Lepeak estimates that fewer than 10% of U.S. schoolchildren are enrolled in private-sector programs, but he said the prospects were still promising.
“It seems there is money to be made there,” he said. “People realize the value of education and are willing to spend money on it.”
The homeschooler interest in business news is not so much that another distance-learning choice is offered, the interest is in the way that it is offered, and the rationale for doing so.
Home Education Magazine, November-December 2002, How William Bennett’s Public E-Schools Affect Homeschooling
Bennett: We [K-12 Inc.] found opposition from both sides of the political spectrum. Some of the homeschooling people have opposed us.
Standriff: Oh really, I would think this would be right in line with their thinking.
Bennett: Well it should be. Frankly, I’m disappointed. I’ve been defending homeschoolers for twenty years. But the principle I’m defending, Mark, is school choice, parental choice. The objection they have is that it shouldn’t be involved in public funding, at all. It shouldn’t be involved with government schools, as they say. But, I’m not prepared to relinquish $400 billion and just say, well never mind, this is not money that I’m entitled to. Parents are paying that money in taxes, they should have an option within the public school system that gives them a chance to educate their children at home, but be publicly accountable as all public schools should be.
So that’s where the “I pay taxes, so I should benefit” meme originated. Funny how the, “I should be accountable to public officials,” part hasn’t developed the same amount of popularity as the, “I should benefit,” part.
posted by Valerie