<\/a>One of the oddities, for me, about what is happening in education now is how those promoting more standardized testing are called \u201creformers.\u201d Really, what kind of reform? I guess that it\u2019s similar to those who advocated that prisons move away from rehabilitation and just focus on warehousing.<\/p>\n

But now, the standardized test addicts have new friends in, of all people, hedge fund managers. Yep, those Wall Street folks who know how to make money without making anything else. Well, the hedgers love numbers, and many of them are very good at using them to their personal advantage, while not contributing anything tangible to society. And now that seems to be what they\u2019re doing in the far-flung field–from them–of education.<\/p>\n

Justin Miller reports<\/a> in The American Prospect, \u201cHow Hedge Funders Built the Pro-Charter Political Network.\u201d<\/p>\n

The hedge-fund industry and the charter movement are almost inextricably entangled. Executives see charter-school expansion as vital to the future of public education, relying on a model of competition. They see testing as essential to accountability. And they often look at teacher unions with unvarnished distaste. Several hedge-fund managers have launched their own charter-school chains. You\u2019d be hard-pressed to find a hedge-fund guy who doesn\u2019t sit on a charter-school board.<\/p><\/blockquote>\n

Apparently what hedge fund managers like in education are (a) charter schools, (b) competition and (c) accountability. They don\u2019t like teachers\u2019 unions. It might seem innocent enough, but let\u2019s drill down a bit.<\/p>\n

Charter schools were initially established to create competition for public schools. That, in itself, was a controversial idea because it involved siphoning money from the public school coffers and directing it toward individual schools outside the system. The teachers in those schools did not have to be unionized, so that created a threat to public school teachers. But the upside would be that these new schools could go in their own direction and use techniques that often-calcified public schools rejected out of hand. They could focus more on the needs of the individual students without having to protect a system that was top heavy with a large bureaucracy. In a sense, it would be a marriage between the independence of private schools with the access to public monies that public schools have.<\/p>\n

Since large urban public school districts were mostly in financial distress, it would have been difficult to imagine that schools affiliated with the systems would make money. But hedge fund managers, and before them \u201ceducation companies,\u201d knew where to look for profit sources. The plan with charter schools was to make their operation more efficient than public schools, to reduce expenses so that there would be a profit to skim off the top. Additionally, charter schools set up profitable arrangements with universities in partnerships, presumably to improve the educational offerings to students. Large corporations saw charter schools as opportunities for philanthropy, and then the possibility of claiming partial responsibility for how well these charter schools could do.<\/p>\n

But how would they know if the charter schools actually did \u201cbetter\u201d than public schools? The answer lay in standardized test scores. The model had been tried for decades, with companies like Princeton Review and Kaplan offering tuition-based courses to high school students to improve their college admission test scores. That seemed to work, in part because what Princeton Review and Kaplan were doing was to prepare students to take tests that they were more-or-less indebted to take.<\/p>\n

The standardized test factor was a great metric, if the idea was to find a way in which elementary and secondary schools could be tracked. But what did it measure? Well, it measured students\u2019 abilities to perform well on tests, and teachers\u2019 skills in preparing them. Never mind that this was a perfect storm to create cheating, and it did, but it was somewhat like the tail wagging the dog. In this case, the tail was the standardized tests and the dog was the students.<\/p>\n

Is this really what America wants to provide learning opportunities for its children? Schools that are test-driven and sources of profit for corporations that include hedge fund managers. Where is each individual student\u2019s curiosity, critical thinking skills, and pure love of learning? It\u2019s time to \u201cstop the madness,\u201d but neither hedge fund managers nor charter school companies have been known for doing that. Perhaps they should take a renewed look at the movie, \u201cRace to Nowhere,<\/a>\u201d which questions so much of what they are doing.<\/p>\n