The Cyber Village Academy Paw Logo
Cyber Village Academy. Inspiring, challenging, and preparing students on campus and online.
The Cyber Village Academy Paw Logo

How are charter schools funded?


Charter schools are funded by the State of Minnesota on a per-pupil basis. They also receive state support for facilities expenses because they cannot issue bonds or raise taxes through levies like other school districts. Start-up funding is provided in the first three years by the federal government. Charter schools can also qualify for Title I funding. The current State of Minnesota hold-back of 40% of school funds puts an added financial strain on charter schools, because they must borrow at market rates to cover the necessary bridge loans.