OKLAHOMA CITY (KFOR) – Epic Charter School officials say its virtual charter school has paid off a $30 million line of credit ahead of schedule.
The state’s largest virtual charter school announced on Friday that the move saved almost $200,000 dollars. After past financial errors, the line of credit was needed to continue school operations.
Epic Charter leaders say the loan was secured on June 20, 2025, with a maturity date of June 20, 2026. Epic avoided paying roughly $197,000 in additional interest, adding, “The discipline shown across so many departments, from budgeting and finance to enrollment, instruction and support services, allowed us to resolve the remaining balance sooner than planned,” said Dr. Shaun Ross, Epic superintendent.
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Trevor Hammons, chairman of Epic’s governing board, said this is the final chapter in the school’s financially tumultuous past, while ensuring the organization’s focus on responsible financial management and long-term security.
“Today is a crucial step forward for Epic Charter Schools. Through the hard work and dedication of our teachers and staff, we confidently look forward to a secure future,” Hammons said. “Our focus on student outcomes has never wavered, and we are proud of the work we have done, even in the most challenging times, to educate and empower students.”…