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Seven Oaks School Receives $2 Million Loan From Board Of Ed

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Seven Oaks Classical School will begin renovation on the old Ellettsville school building within a few days, now that funding for the construction has been approved.

The State Board of Education voted Thursday to grant $5 million in loans to five charter school start-ups. Seven Oaks received the largest chunk of that money with a $2 million loan.

The terms of the loan say the money can be used for facilities improvement, instruction, administration and technology.

Co-founder and Board Member Terry English says Seven Oaks will use all of the money to prepare the old Eagle Landing school building in Ellettsville.

“Were going to do a roof replacement, put in a full building alarm system, do some energy improvements and do major renovations inside and outside,” English says.

Of the five schools who received loans from the State Board of Education, Seven Oaks received the largest amount.

Of the five schools who received loans from the State Board of Education, Seven Oaks received the largest amount.

English says the school applied for $2.6 million and had to adjust their plans to fit the smaller budget. The building is about 90,000 square feet and the renovation will include about 55,000 square feet. As the school adds grade levels in future years, they will renovate additional space as needed.

The school board says they plan to bring in volunteers to help with some of the outdoor renovations.

The building is expected to be complete in time for the school to open on August 15.

About two thirds of the staff have been hired, says English, and 203 students are enrolled. English says they expect about 250 students by the time they open.

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