Description
The Department of Education is issuing a notice inviting applications for new awards for fiscal year 2024 for the Charter School Program (CSP) Grants to Charter Management Organizations for the Replication and Expansion of High-Quality Charter Schools (CMO Grants). The purpose of this program is to enable charter management organizations to replicate or expand one or more high-quality charter schools. Grant funds may be used to significantly increase the enrollment of, or add one or more grades to, an existing high-quality charter school or to open one or more new charter schools or new campuses of a high-quality charter school based on the educational model of an existing high-quality charter school. Key aspects of the program include:
* Eligible applicants: Charter management organizations (CMOs)
* Application deadline: January 5, 2024
* Estimated funding: $122,000,000
* Award ceiling: $20,000,000
* Project period: Up to 36 months
* Performance measures: The number of charter schools in operation, the percentage of fourth- and eighth-grade charter school students achieving at or above the proficient level on State assessments, and the Federal cost per student in implementing a successful school.