For the lenders, the most obvious risk is making an investment in a school that doesn't last very long, you can mitigate that risk if there's really good communication between the authorizer and the lender over the school's current status, anything that will inhibit clear renewal of the charter and any underlying strengths and weaknesses.

Nelson Smith

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One thing puzzling is that some lenders are looking at the original charter documents or they may be looking at newspaper articles but not at the summative reports that actually address performance, for the lenders, the most obvious risk is making an investment in a school that doesn't last very long.

Nelson Smith
us-news

There has always been communication between lenders and authorizers generally, we want it to be more fruitful and more efficient. Some of the stories about lender-authorizer communications betray a certain informality. While you want a friendly open relationship you need to know what the official record is saying and what decisions the authorizing body is making.

Nelson Smith
us-news