The North Carolina legislature recently voted to expand the number of deregulate, privately managed charter schools in the state. One that opened last fall, StudentFirst Academy in Charlotte, announced that it would close its doors on April 11, leaving nearly 300 students unprepared for state exams and scrambling to find a school.

The school struggled financially almost from its first dy, when enrollment was less than projected. And there were other problems.

“Many employees were laid off in December, after the board fired Head of School Phyllis Handford and Deputy Head Sandra Moss. The board was reacting to a consultant’s report that said the two founders had boosted their own salaries, put Handford’s family members on the payroll, overstaffed on administration, fallen behind on bills and failed to document expenses. Handford and Moss are now suing the StudentFirst board for breach of contract.

“The remaining StudentFirst employees will lose their jobs effective April 15…..”

“When the state approved a budget of $3 million in public money for StudentFirst’s first year, it was based on projections for 432 students. The school opened with 338, and Medley said the latest count he heard was 266. The dwindling enrollment reduced the amount of local and state money available to StudentFirst, though the final tally was not available.”

Parents said they chose the school because it promised strong academics and a cultural arts program.

Privatization and deregulation are perilous.

Read more here: http://www.charlotteobserver.com/2014/04/03/4814539/studentfirst-charter-school-to.html#.U0HnyOi9KSO#storylink=cpy