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DC Public and Public Charter Schools
Reply to "Let's start a charter middle school"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Building Hope is technically a nonprofit but borrows money at 2% and then makes loans to charters for 7-9%. [/quote] Holy shit really?! [/quote] You do realize that this is what all banks and credit unions do, right? Bank of America "borrows" money from it's depositors at a rate of essentially zero (or gets it from the Fed at short term rates near zero), and then does longer term lending at higher rates. [/quote]
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