Charter schools are tax payer funded K-12 schools that are managed by private companies. In Sweden the system of friskolor ("charter schools") was instituted in 1992. There are currently 900 charter schools throughout the country. These are publicly funded by school vouchers and can be run by not-for-profits as well as for-profit companies. The schools are prohibited from supplementing the public funds with tuition or other fees, pupils must be admitted on a first-come, first-served basis and entrance exams are not permitted.
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