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With America’s public schools spending almost $6,000 per pupil and student achievement scores falling, Wall Street is wondering why it costs so much to not educate our kids.

Enter the infant for-profit school-management industry. Private firms, including Educational Alternatives (EA) of Minneapolis, are starting to contract with school districts to operate their public schools. Cities such as Baltimore, Miami, and Minneapolis already contract with private, for-profit companies. Last month Washington, D.C., School Superintendent Franklin L. Smith rocked the education establishment when he announced that the city is investigating private management for its worst performing and least safe schools.

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With America’s public schools spending almost $6,000 per pupil and student achievement scores falling, Wall Street is wondering why it costs so much to not educate our kids.

Enter the infant for-profit school-management industry. Private firms, including Educational Alternatives (EA) of Minneapolis, are starting to contract with school districts to operate their public schools. Cities such as Baltimore, Miami, and Minneapolis already contract with private, for-profit companies. Last month Washington, D.C., School Superintendent Franklin L. Smith rocked the education establishment when he announced that the city is investigating private management for its worst performing and least safe schools.