Are We Heading Toward a Charter School Bubble?: Lessons from the Subprime Mortgage Crisis

Preston C. Green III *

Bruce D. Baker **

Joseph O. Oluwole ***

Julie F. Mead ****

Since 1992, forty-three states and the District of Columbia have passed charter school legislation. Charter schools are commonly defined as public schools that are given considerable latitude from state rules and regulations that apply to traditional public schools while being held accountable for student achievement. There are more than 6700 charter schools nationwide, serving nearly three million students, which accounts for 6% of public school enrollment.

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* John and Carla Professor of Urban Education, Professor of Educational Leadership and Law, University of Connecticut.

** Professor of Education, Rutgers University.

*** Associate Professor of Educational Administration, Montclair State University.

**** Professor of Educational Leadership, Policy, and Analysis, University of Wisconsin-Madison.