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mixed grade class environment (he's in the 1st-3rd room)
While gifted kids often thrive in a mixed-age classroom, this tends to be especially true when they are at the young end of the age ranges. Being at the older end of the age ranges may provide no intellectual peers... this may rectify itself next year when he is the younger end of the 4th-8th grade group. However waiting until next year may be a l-o-n-g time to a child... plenty of time to become disengaged and under-achieving. It is great that you are looking at ways to help him through the remainder of this school year, with sufficient challenge and support.