Epic Charter Schools Misses State Deadline For $11.2 Million Repayment
Epic Charter Schools missed a state deadline to pay an $11.2 million fine handed down to the school in October. Repayment will be discussed at Thursday's State Board of Education meeting.
Epic was slapped with the clawback of state funds in October. But the virtual charter school behemoth has contested the amount it was overpaid by the state for months.
The clawback was requested by the state board in the fall after State Auditor Cindy Byrd said the state had overpaid Epic based on its administrative costs.
It’s unclear what recourse the state will take on the money it says Epic owes, but it could take the charter school to court to demand payment.
This is just the latest issue in a saga that’s involved a multi-year criminal investigation into the school and its for-profit management company.
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