Charter schools are schools paid for publicly but run privately—very often by for-profit corporations. The CREDO study at Stanford in 2013 found that about 75 percent of charter schools have results that are worse than, or no different from, traditional public schools. A small percentage of charter schools do have better results. But since funds for charter schools are taken from public school budgets, charter schools tend to drain money from public schools and make public education worse on the whole, even for the best public schools. Moreover, charter schools have no accountability to local
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