Social Impact Bonds are just another form of privatization. Bad news for Special Needs students.

Fred Klonsky

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Pat Quinn brought Social Impact Bonds to Illinois.

Special education advocate Bev Johns has written here warning about the impact of Social Impact Bonds on special education services.

What are Social Impact Bonds (SIBs)?

They have become a favorite privatization tool of corporate Democrats and others.

Wall Street loves them.

Also known as Pay for Success programs in which Wall Street investors, often using funding from private philanthropies, invest in social programs which once were funded directly by the government.  The aim is to reduce government costs by offering profits to Wall Street.

And Wall Street gets a pretty good return on that investment.

When the first cohort of students enters kindergarten, CPS will begin paying the lenders for each fewer child who needs special education services when compared to the control group. CPS will pay $9,100 per child annually, an amount that increases by 1 percent each year.

The city…

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Kevin Ohlandt

I am a proud parent of a son with Tourette's Syndrome and several other co-morbidities. I write on this blog to educate other parents so they know a bit more about not only special education, but all the really bad things that are happening with public schools in Delaware and the USA. We are all in this together, and if our children aren't able to advocate for themselves it's up to us parents! We need to stop letting companies run our schools, and demand our children get a proper education. Our Departments of Education in our states have become weak with fear from the bullying US DOE, and we need to take back our schools!

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