Three charter schools affiliated with Colorado Early Colleges are purchasing their buildings this week for $17.3 million, said Administrator Keith King. The three schools are in Colorado Springs, Fort Collins and Parker.
Colorado Springs Early Colleges is in its eighth year of helping students receive associates degrees for free while still in high school, King said in a news release.
The three campuses have a combined enrollment of more than 1,460 students who successfully passed almost 4,000 college courses last year. Two students have graduated from Colorado Early Colleges with a bachelor’s degrees, paid for by the school.
In Colorado Springs, the school is located in the Springs Business Park at Chestnut and Garden of the Gods Road, which has 121,181 square feet of space.
“The purchase includes the entire business park which includes the location for Colorado Technical University,” King said. The head of school is Jason Dilger.
The Colorado Early Colleges schools, like many charter schools, do not receive property tax bond financing.
“This purchase will allow the facilities cost to be approximately 6 percent of the overall budget compared to the average cost for a charter school’s facility, which is approximately 15 percent,” King said. “This will allow the schools to invest more in the students’ college tuition and the 140 employees working in the schools.”
King led the effort to buy the buildings with the goal of fixing the cost of the schools’ buildings for the next 15 years.
The goal of Colorado Early Colleges is to pay for an associates degree or more for each student. With the rising cost of college tuition, the stabilization of the building costs will allow more money to go toward college tuition, King said in the release.
“I am proud of our organization giving more than 1,400 high school students in Colorado an opportunity to earn an associates degree,” King said. “We will use these purchases to stabilize our building costs, and this will allow us to better serve our students. Our goal is to continue to grow this opportunity for students who are wanting to pursue a college degree while in high school.”
The Colorado Early College Governing Board will hold its meeting today, Wednesday, Dec. 17, at 4 p.m. at the Colorado Springs Early College, 4405 N. Chestnut. Deborah Hendrix is president of the school’s governing board and Jessie Mathis is president of the building corporation board. The public is welcome to attend.
King can be reached at 528-6062. His email address is firstname.lastname@example.org.