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Fresno’s ACEL Charter School will close immediately, due to financial problems. The charter school is $300,000 in debt and can’t get a loan, so it is shutting its doors. It started in 2008.
Students are upset and bewildered. Seniors are two months away from graduation and wondering how they will get a diploma.
“Many of the cash problems are being blamed on the unnamed company the board contracted to monitor its finances. Recently, the massive funding deficit was revealed.”
Charter schools come and go, like other businesses.