School Funding
Funding Guidance for SC Charters
The Public Charter School Alliance of South Carolina (PCSASC) is committed to empowering charter schools with the resources and guidance they need to thrive. We understand that financial stability and effective management are critical to delivering high-quality education. Our mission is to provide support to charter schools, ensuring they have the necessary tools to succeed.
- State and Federal Funding: Charter schools in South Carolina receive funding from both state and federal sources.
- Understanding Funding Formulas: We help demystify the state’s funding formulas, ensuring schools receive the correct allocations.
- Compliance and Reporting: Maintaining compliance with funding requirements is essential. We support schools in fulfilling reporting obligations and staying updated with regulatory changes.
- Grant Opportunities: We provide alternate sources for federal and state grants, including the Planning & Implementation (CSP) Grant, which support the planning, program design, and initial implementation of charter schools.
- Introducing Charter-Focused Funding Partners: These partnerships provide specialized bid support, sustainability planning, and more.
Budgeting and Financial Resources
Educational Rate (E-Rate) Program
The Educational Rate (E-Rate) Program was instituted under the Telecommunications Act of 1996 to expand internet and telecommunication connectivity for schools and libraries. Funding for the nationwide program provides discounts of 20-90% of the cost of services, depending on the socioeconomic factors of the population served. The program guarantee discounts on Priority 1 services, and then allocates remaining funds for Priority 2 services to the neediest school districts.
Charter School Facility Revolving Loan Fund
The establishment and maintenance of the Charter School Facility Revolving Loan Program is authorized through SC Code of Laws, Section 59-40-175.
The State Treasurer’s Office Charter School Facility Revolving Loan Program serves South Carolina’s public charter schools by providing low-interest loans to assist schools in establishing high quality, high performing operations for South Carolina’s students and their families. The Program provides accepted applicants with initial funding for constructing, purchasing, renovating and maintaining public charter school facilities.
Here to help
If we can be of any additional help, contact us! We look forward to hearing from you!