Article: Charter schools surge as parents seek options.

A sudden surge in charter schools in the past two years is transforming the business of public education.

The growth is sparked by parents dissatisfied with their youngsters' public schooling and by entrepreneurs eager to provide a better education product - often for profit.

A charter school is an alternative to public schools. It is supported by federal and local funds but is run by private managers. The "charter" is granted by local or state school authorities for anywhere from three to five years. To obtain a charter, applicants usually need to provide a suitable building, a curriculum and proof of financial resources to cover start-up costs.

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