Albertson Heir Cashes In On Online Ed
Since 2007, Joseph B. Scott’s investment company, Alscott Inc., has brought in more than $15 million by selling part of its stake in Virginia-based K12 Inc., which sells online courses and other services to public schools. Meanwhile, his family’s tax-exempt foundation has helped K12 tap Idaho taxpayer dollars and now is supporting state schools chief Tom Luna’s plan to require every high school student in the state to take online classes. For nearly a decade, the J.A. and Kathryn Albertson Foundation has chipped in millions toward Idaho’s online public education system. One of those online schools, the Idaho Virtual Academy, has, in turn, directed tens of millions of public dollars into K12’s company coffers, for services ranging from curriculum to administration. ... With debate over expanding Idaho’s Internet-based education system now dominating the 2011 Legislature, Scott, who is Joe Albertson’s grandson, and an avid skier with his own helicopter, isn’t staying on the sidelines, either/John Miller, Associated Press. More here.
- Related: Follow the education money/Randy Stapilus, Ridenbaugh Press
Question: In a speech Friday, Luna denied that his radical plans for education reform were influenced by thousands of dollars in contribution from online education sources, like K12. What do you think?