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$10 Million "Lifeline" Loan Fund Boosts Enrollment at Twenty-Eight CA Charter Schools

Twenty-eight high-quality charter public schools in California were able to place 2,818 new students into classrooms this school year as a result of a cash flow loan fund created by the California Charter Schools Association.

In its second year, the program granted nearly double the amount given in its first year, up from $5.5 to $10 million. Since the program's inception, close to 5,000 students have been taken off waiting lists while 100 percent of the interest and principal payments to the lenders has been repaid in full and on time.

The Association developed the Charter School Growth Loan Program through a partnership with Prudential Social Investments, The Low Income Investment Fund, NCB Development Corporation, Local Initiatives Support Corporation and Raza Development Fund, to support growing charter schools that serve high-need urban communities.

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Fewer are taking Army, Navy scholarships for medical training

The number of medical students accepting Army and Navy scholarships has fallen sharply over the past two years, service medical leaders said.

That's in part, they said, because of the mayhem in Iraq depicted in news reports.

A military scholarship program that the Army surgeon general calls "our lifeblood, over time, for recruiting physicians" is failing to attract enough qualified applicants by wide margins. That's true except in the Air Force.

Difficulties in recruiting the next generation of Army and Navy physicians and dentists have spurred the Senate to approve new authorities to dramatically increase medical bonuses and stipends.

The increases potentially involve millions of additional dollars for medical personnel. They are before a House-Senate conference committee and could win the full support of Congress by fall.

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