That is great, very few states allow that. You are implying that once a charter school goes out of business, the children may no longer have ANY school to go to. I highly doubt that implication. In a free market of schools, new ones will spring up to fill the demand. There are plenty of airlines and car companies that went out of business, but we still drive and fly. Somebody wants that money and thinks they can make a profit.
People will say charter schools will just be created to take the money and not teach, well, I think public schools and charter schools should be regulated for quality in the same manner. We must prevent poor educational product wherever it exists.
On a side note, I can envision a future where any child can interact with an AI teacher (let’s call it a teacher’s aide). The agent knows the child, there current learning level, their learning style, their weaknesses. It can teach to MASTERY with every child. It can provide reports and grades. Daily summaries to parents if wanted. Our school systems need to be committed to maximizing use of technology and AI will be easier to use than any technology we have today.

