The NCAA announced that it will no longer accept credits awarded by 24 virtual charter schools, all of which are operated by Michael Milken’s corporation K12.

This is huge.

All of these virtual schools are highly profitable. The K12 corporation, listed on the New York Stock Exchange, receives full tuition for each student; the district loses the tuition, and the student gets a computer and textbooks. K12 is known to have a high dropout rate and low graduation rates.

This is the first time that a major accrediting body has rejected the education offered by K12 and declared that its credits were unacceptable.

Here is the announcement:

NCAA No Longer Accepting Coursework from 24 High Schools

Today the NCAA announced that 24 schools which use a company called K12 Inc. to provide their curriculum were no longer approved. All of the schools are nontraditional high schools, and their courses were found to not comply with the NCAA’s nontraditional course requirements. The schools are:

California Virtual Academy – San Joaquin

California Virtual Academy – San Diego

California Virtual Academy – Los Angeles

California Virtual Academy – Sutter

California Virtual Academy – Jamestown

California Virtual Academy – Kern

California Virtual Academy – San Mateo

California Virtual Academy – Kings

California Virtual Academy – Sonoma

San Francisco Flex Academy (CA)

Silicon Valley Flex Academy (Morgan Hill, CA)

California Virtual Academy – LA High

California Virtual Academy – Santa Ysabel

Colorado Virtual Academy Cova (North Glenn, CO)

Georgia Cyber Academy (Atlanta, GA)

Nevada Virtual Academy (Las Vegas, NV)

Ohio Virtual Academy (Maumee, OH)

Oklahoma Virtual Charter Academy (Nicoma Park, OK)

Agora Cyber Charter School (Wayne, PA)

South Carolina Virtual Charter (Columbia, SC)

Washington Virtual Academy – Monroe (Tacoma, WA)

Insight School of Colorado (Westminster, CO)

Insight School of Washington (Tacoma, WA)

IQ Academy Washington (Vancouver, WA)

As a result, the NCAA will stop accepting coursework from these schools starting with the 2014–15 school year. Coursework completed from Spring 2013 through Spring 2014 will undergo additional evaluation on a case-by-case basis when a prospect tries to use it for initial eligibility purposes. Coursework completed in Fall 2012 or earlier may be used without additional evaluation.

In addition to the 24 schools above, other schools affiliated with K12 Inc. remain under Extended Evaluation. This means the NCAA will continue to review coursework coming from those schools to see whether it meets the NCAA’s core course and nontraditional course requirements. Prospects with coursework from those schools must submit additional documentation no matter when the coursework was completed.