Latest news with #K12
Yahoo
5 days ago
- Business
- Yahoo
Stride Navigates Setback While Poised For Growth With Low Volatility
Stride, Inc. (NYSE:LRN) is one of the . The company's shares are currently trading at a low price following the contract termination by Gallup-McKinley County Schools. A teacher giving a lecture in a classroom illuminated by a bright light of knowledge. Stride, Inc. (NYSE:LRN) is an education technology and services company. Based in Virginia, the company operates fully remotely and offers K–12 curriculum, software, and career learning programs primarily online. The company serves both K–12 and adult learners through proprietary and third-party content and learning platforms, placing importance on lifelong education. Gallup-McKinley County Schools announced on May 17, 2025, that it has terminated the contract with Stride, Inc. (NYSE:LRN), effective June 30, 2025. The School Board President, Christopher Mortensen, made the following statement during the announcement. 'We are taking this step to protect our students, uphold academic standards, and meet our obligations under state and federal law.' Following the termination, the company's share price tumbled. As of July 22, 2025, Stride, Inc. (NYSE:LRN)'s one-month performance has declined by 11.06% reaching $129.74. Meanwhile, CNN indicates an analyst consensus rating of Buy on the stock and a 1-year median price target of $165.00, suggesting confidence in the company's growth potential. Despite this contract loss, Stride, Inc. (NYSE:LRN) remains a low volatility pick with a 0.11 beta and 22.08% EPS growth forecast, with a strong long-term upside. While we acknowledge the potential of LRN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None. Sign in to access your portfolio
Fox News
6 days ago
- Politics
- Fox News
Trump administration releases over $6B in frozen education funds to the states
The Trump administration is releasing roughly $6.8 billion in previously frozen federal funds for K-12 programs, the Department of Education announced Friday. The announcement was made as Secretary Linda McMahon attended the National Governors Association (NGA) Summer Meeting in Colorado Springs, Colorado. The Office of Management and Budget (OMB) "has completed its review of Title I-C, Title II-A, Title III-A and Title IV-A ESEA funds and Title II WIOA funds and has directed the Department to release all formula funds. The agency will begin dispersing funds to states next week," department spokesperson Madi Biedermann told Fox News Digital. More than 20 Democratic attorneys general sued the Trump administration earlier this month, describing the Department of Education's federal funding freeze as unconstitutional and "debilitating" to states just weeks ahead of a new school year. The bipartisan group of governors, including the NGA's outgoing chair, Gov. Jared Polis of Colorado, and its vice chair, Gov. Kevin Stitt of Oklahoma, thanked McMahon for unlocking the funding during the NGA's education session Friday. "How can we better communicate to make sure that this chaos and uncertainty doesn't occur again around funding and that people know things earlier?" Polis asked McMahon on the Colorado Springs stage. "No guarantees from me that we will eliminate all the communications gaps that do happen, but I can say that part of it is just the transition aspect," McMahon explained. The education secretary said the other aspect of the federal funding freeze was that the OMB budget office "took some time to really review the title funding to look at all the programs, etc., before they were released. They were well satisfied. So, now, those funds are going to be going out." McMahon assured the governors that now that they have reviewed title funding and gone through the process, "we wouldn't find ourselves in the same situation." Several of the governors who attended Polis and McMahon's education discussion and had the opportunity to ask questions thanked the education leader for returning the federal title funds to the states. Polis kicked off the NGA's summer session in Colorado Springs Friday with his signature policy agenda, "Let's Get Ready! Educating All Americans for Success." McMahon said she was appreciative of the governors' questions and comments, and she committed to visiting as many states and speaking with as many governors as possible to grasp the full scope of the country's diverse educational needs. In an exclusive interview with Fox News Digital ahead of her remarks, McMahon affirmed her commitment to collaborating with governors as the Trump administration seeks to dismantle the Department of Education. "It's just incredibly important that if we are going to return education to the states, we have to talk to the governors," McMahon said. "Clearly, education is a nonpartisan issue," McMahon added. "If we're going to return education to the states, that just means giving them back the part that is now provided by the federal government, and they're anxious for it." Trump signed an executive order earlier this year to dismantle the Department of Education, fulfilling one of his key campaign promises during the 2024 presidential election.
CNN
6 days ago
- Politics
- CNN
Trump administration will release more than $5 billion in frozen education funding
The Trump administration has decided to release the rest of the nearly $7 billion in funding for public schools that it had frozen, with little notice, earlier this month. A senior administration official told CNN they have finished a programmatic review, and the additional funds will be released to the states. The administration previously announced the release of $1.3 billion of the frozen funds. 'Guardrails are in place to ensure these funds will not be used in violation of Executive Orders or administration policy,' the official added. The nearly monthlong pause in critical funding set off a scramble in schools as they prepare for the fall and summer camps, which faced immediate impacts, with many worried about being able to keep their doors open for the duration of the summer. The funding for K-12 programs included money for teacher education and recruitment, English language programs, student enrichment and nonprofit learning centers that partner with schools, among other initiatives. Much of the money goes towards programs that serve some of the US' poorest children. A day before the funds were to be released, the Department of Education instead sent a letter to programs, saying that money was being held, pending a review. 'The Department will not be issuing Grant Award Notifications obligating funds for these programs on July 1 prior to completing that review,' the email to recipients said. 'The Department remains committed to ensuring taxpayer resources are spent in accordance with the President's priorities and the Department's statutory responsibilities.' The administration alleged the money was being used to promote 'leftwing' ideologies and was conducting a review. It comes as the Trump administration is seeking to dismantle the Department of Education, with mass layoffs underway and severe funding cuts under consideration. Last week, after much outrage at summer camps and non-profits like the Boys and Girls Club that were facing immediate impacts of the frozen funds, the Office of Management and Budget decided to release the hold on $1.3 billion of the nearly $6 billion in funding that goes to 21st Century Community Learning Centers (21st CCLC) – affecting summer camp and after-school programs. But the rest of the funds were still frozen, until now. Earlier this month, some two dozen Democratic-led states sued the Department of Education in federal court to release the funds, which had already been approved by Congress.
CNN
6 days ago
- Politics
- CNN
Trump administration will release more than $5 billion in frozen education funding
The Trump administration has decided to release the rest of the nearly $7 billion in funding for public schools that it had frozen, with little notice, earlier this month. A senior administration official told CNN they have finished a programmatic review, and the additional funds will be released to the states. The administration previously announced the release of $1.3 billion of the frozen funds. 'Guardrails are in place to ensure these funds will not be used in violation of Executive Orders or administration policy,' the official added. The nearly monthlong pause in critical funding set off a scramble in schools as they prepare for the fall and summer camps, which faced immediate impacts, with many worried about being able to keep their doors open for the duration of the summer. The funding for K-12 programs included money for teacher education and recruitment, English language programs, student enrichment and nonprofit learning centers that partner with schools, among other initiatives. Much of the money goes towards programs that serve some of the US' poorest children. A day before the funds were to be released, the Department of Education instead sent a letter to programs, saying that money was being held, pending a review. 'The Department will not be issuing Grant Award Notifications obligating funds for these programs on July 1 prior to completing that review,' the email to recipients said. 'The Department remains committed to ensuring taxpayer resources are spent in accordance with the President's priorities and the Department's statutory responsibilities.' The administration alleged the money was being used to promote 'leftwing' ideologies and was conducting a review. It comes as the Trump administration is seeking to dismantle the Department of Education, with mass layoffs underway and severe funding cuts under consideration. Last week, after much outrage at summer camps and non-profits like the Boys and Girls Club that were facing immediate impacts of the frozen funds, the Office of Management and Budget decided to release the hold on $1.3 billion of the nearly $6 billion in funding that goes to 21st Century Community Learning Centers (21st CCLC) – affecting summer camp and after-school programs. But the rest of the funds were still frozen, until now. Earlier this month, some two dozen Democratic-led states sued the Department of Education in federal court to release the funds, which had already been approved by Congress.
Reuters
6 days ago
- Politics
- Reuters
Trump administration to release over $5 billion school funding that it withheld
WASHINGTON, July 25 (Reuters) - President Donald Trump's administration will release more than $5 billion in previously approved funding for K-12 school programs that it froze over three weeks ago under a review, which had led to bipartisan condemnation. "(The White House Office of Management and Budget) has completed its review ... and has directed the Department to release all formula funds," Madi Biedermann, deputy assistant secretary for communications at the U.S. Education Department, said in an emailed statement. "The agency will begin dispersing funds to states next week," Biedermann added. Further details on the review and what it found were not shared in the statement. A senior administration official said "guardrails" would be in place for the amount being released, without giving details about them. The release of the more than $5 billion amount was reported earlier by the Washington Post. Early in July, the Trump administration said it would not release funding previously appropriated by Congress for schools and that an initial review found signs the money was misused to subsidize what it alleged was "a radical leftwing agenda." States say $6.8 billion in total was affected by the freeze. Last week, $1.3 billion was released. After the freeze, a coalition of mostly Democratic-led states sued to challenge the move, and 10 Republican U.S. senators wrote to the Republican Trump administration to reverse its decision. Republican U.S. lawmakers welcomed the move on Friday, while Democratic lawmakers said there was no need to disrupt funding in the first place. The frozen money covered funding for education of migrant farm workers and their children; recruitment and training of teachers; English proficiency learning; academic enrichment and after-school and summer programs. The Trump administration has threatened schools and colleges with withholding federal funds over issues like climate initiatives, transgender policies, pro-Palestinian protests against U.S. ally Israel's war in Gaza and diversity, equity and inclusion practices.
