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Location: Winter Springs, Florida
Loan Amount: $9.14 million
School Savings: $3.8 million
School Link: www.choicesinlearning.org
Ratings Direct: Choices in learning
Obligor Summary: Choices in Learning Obligor Summary
Established in 2001, Choices in Learning has grown from serving 260 students in their first year to now serving over 700 students. It is one of Florida’s highest performing schools and has received the state Department of Education’s highest accountability designation of “A” every year. Choices’ mission is to provide students with an in-depth and well-rounded academic experience. By utilizing the “Success for All” curriculum, which encourages outstanding reading and cooperative skills and excellence in all areas of academics and behavior, Choices equips students with the skills to become active learners and responsible citizens.
Equitable School Revolving Fund provided a $9.14 million fixed rate, 24-year loan to Choices to advance refund bonds that were used for the acquisition and construction of the school’s facility. Loan proceeds will also be used to purchase and install shade structures for the building. The loan from ESRF will save the school $3.8 million over the 24 year term.
“The ESRF team were extremely kind and helpful throughout the process of receiving approval and funding for our loan refinancing. It was apparent that they are committed to helping schools reduce their monthly costs so that funds may be used to benefit the school in the best manner possible! These savings will enable Choices In Learning Elementary Charter School to better support our students, families and staff as we strive to provide our students with the skills and strategies necessary for them to become lifelong learners and productive, compassionate members of our society!”
– Dr. Janet Kearney, Principal, Choices in Learning