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    Home»Business»Mark Zuckerberg and Priscilla Chan’s school is the latest billionaire education experiment to collapse
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    Mark Zuckerberg and Priscilla Chan’s school is the latest billionaire education experiment to collapse

    The Daily FuseBy The Daily FuseAugust 3, 2026No Comments4 Mins Read
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    Mark Zuckerberg and Priscilla Chan’s school is the latest billionaire education experiment to collapse
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    The Major Faculty, an academic facility began by Meta founder Mark Zuckerberg and his spouse, Priscilla Chan, has shut its doorways, turning into the newest in a sequence of failed makes an attempt by billionaires and the ultra-wealthy to repair the training system.

    The varsity, which closed in June, opened in 2016 as a tuition-free personal faculty designed to transcend training by offering providers akin to free dental checkups and wellness teaching for fogeys. Roughly 540 youngsters enrolled throughout its years of operation.

    The closure adopted a call by the Chan Zuckerberg Initiative, a nonprofit established by the billionaire couple, to cease funding the varsity after the 2025-2026 tutorial yr. In announcing the choice, the group stated it could make investments $50 million over the following 5 years in East Palo Alto, Belle Haven, and the East Bay to assist households navigate the transition. The funding will help training financial savings accounts—$10,000 for elementary college students, $2,500 for preschoolers, and $1,000 for kids in early-childhood training—in addition to early-childhood packages and household engagement providers.

    The Major Faculty was a ardour venture for Chan, who often visited the campus, learn books to kindergartners, and appeared in a curriculum video with Sesame Avenue’s Elmo. She had beforehand stated that, by means of her work as a doctor and at an after-school program in a Boston housing venture, she observed that youngsters had been typically siloed.

    Regardless of her hands-on method, the varsity struggled with a few of its nontraditional parts. Academics, as an example, had been required to signal nondisclosure agreements, and the varsity skilled excessive turnover amongst principals. Discovering the appropriate curriculum and insurance policies additionally proved difficult as directors tried to find out one of the best method to educating college students.

    That led to some frustrations for Chan, who told The Wall Avenue Journal final yr, “The outcomes simply weren’t the place [the board] would have needed them to be or, frankly, anybody would have needed them to be.”

    Regardless of these criticisms, mother and father had been upset as phrase of the varsity’s pending shutdown unfold. Each trainer returned for the ultimate yr regardless of the looming closure.

    The training problem

    The Major Faculty’s shutdown got here because the Chan Zuckerberg Initiative’s mission developed, shifting from social advocacy towards scientific philanthropy. Nevertheless it was hardly the primary faculty based or closely backed by the ultra-rich to fold.

    In 2019, AltSchool, an academic enterprise based by ex-Googler Max Ventilla and backed by Zuckerberg, Peter Thiel, and Laurene Powell Jobs, closed its colleges to deal with turning into a tech firm, promoting edtech software program. That enterprise had run a sequence of for-profit micro-schools throughout the nation, closing half of them in 2017 after burning by means of capital. A complete of 240 students, together with 2 of Ventilla’s youngsters, attended AltSchool’s campuses in its ultimate yr.

    In 2022, the Donda Academy, a college based by Kanye West (Ye), shut down abruptly following the backlash to his antisemitic feedback. Roughly 100 youngsters paid $15,000 per yr to attend that faculty.

    The closure led to a lawsuit alleging, amongst different issues, that college students weren’t allowed to take a seat in chairs, the Holocaust was omitted from historical past courses, and the varsity provided just one lunch choice: sushi. The criticism additional alleged that lecturers weren’t required to have first-aid or child-abuse reporting coaching and that the varsity ignored state laws governing studying plans. It additionally stated the varsity had no janitorial providers or correct trash cans as a result of West had forbidden the usage of cleansing merchandise containing chemical substances.

    The shutdown of the Major Faculty hasn’t deterred different billionaires from launching instructional ventures. Jeff Bezos has funded a Montessori-inspired preschool network. Elon Musk additionally runs a private school on the SpaceX headquarters that permits youngsters to decide out of matters they don’t like and doesn’t assign grades. He has additionally mentioned plans to open a university in Austin, Texas, which the SpaceX and Tesla CEO needs to name the Texas Institute of Know-how and Science, or TITS.



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