Press Release

AFT and ITPI launch ‘Cashing in on Kids’ Website to Expose For-Profit Education

For Release: 

Thursday, February 27, 2014


Janet Bass

WASHINGTON— This week, the American Federation of Teachers and In The Public Interest launched the website "Cashing in on Kids"–a one-stop shop for the facts about for-profit education in America. The site profiles five for-profit charter school operators: K12 Inc., Imagine Schools, White Hat Management, Academica and Charter Schools USA. It identifies several issues that need to be addressed in charter school policy, including public control, equity, transparency and accountability.

"For-profit charter schools that operate in the dark without basic public transparency and without strong public control too often put their bottom line ahead of the public interest and high-quality public education," said ITPI Executive Director Donald Cohen.

"We want parents, educators and policymakers to be better informed about the impact of profit, money and private interests in education, particularly charter schools. We believe much more oversight is needed to protect students and taxpayers, but the information on this website is a means for others to see the facts and arrive at their own conclusions," said AFT President Randi Weingarten. "It's a way of calling the question: Is the rapid expansion of charter schools about helping kids learn or about enabling for-profit operators to rake in millions in tax dollars?"

The website analyzes the impact of profit-taking and privatization in charter schools, where student results are mixed and mismanagement is widespread.

For more information, visit

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The AFT represents 1.7 million pre-K through 12th-grade teachers; paraprofessionals and other school-related personnel; higher education faculty and professional staff; federal, state and local government employees; nurses and healthcare workers; and early childhood educators.