Overview
- About 540 students at ASPIRA Business & Finance and ASPIRA Early College high schools will be moved to other campuses for the rest of the year.
- CPS says ASPIRA failed to prove financial sustainability or provide required documents, including its 2025 audit, payroll records, and monthly cash-flow reports.
- The network faces a roughly $4.8 million shortfall after CPS advanced about $2.55 million since November, with a state cap on further funding advances taking effect April 10.
- CPS says it is not revoking ASPIRA’s charter and calls the transfers an oversight measure to protect students in a situation with no precedent for a midyear closure at the district.
- ASPIRA leaders say they are pursuing a bridge loan and fundraising and blame structural underfunding, as students, families, and CTU press for clarity on credits, IEPs, and staff placements.