The virtual charter school company that launched an unsuccessful bid to open up an online-based school in North Carolina has been having a rough time in other states.
Cyber (also called online or virtual) schools allow students to take their entire school caseload through their home computer, and the for-profit K12, Inc. has a large chunk of the national market.
“As the industry leader, K12 often takes the brunt of assaults for online education as our integrity and our effectiveness is sometimes questioned,” said Nathanial Alonzo Roberts, a chairman of the board’s audit committee. “This is to be expected.”
The company also settled an investors lawsuit for $6.75 million that accused company officials of making misleading statements about the academic successes of the schools.
( A transcript of today’s earning call is available here from SeekingAlpha, an investors’ website.)
In Virginia, home to K12′s headquarters, the small school district that hosted the statewide online school plans to drop its affiliation with K12, Inc., according to the Washington Post.
The split would effectively shut down the statewide cyber school, the oldest virtual school in the state that enrolls an estimated 350 students. The school board in Carroll County, a rural area on North Carolina’s border near Mt. Airy, voted to end its affiliation with K12 in mid-April, in part because the oversight was burdensome for a small school district that only had five students in Carroll County enrolled in the program.