Parenting Guide

Would you borrow money for private school?

Published by SchoolAdvisor | Oct 16, 2013

While college and higher education loans have been making headlines, there’s much less talked about trend in student loans: parents borrowing money to send their kids to private school - starting in preschool.

The trend is disturbing because families are sacrificing financial stability to ensure a quality education (which, ideally, would be free if their children’s needs could be met at public school), but not surprising, given that many families are still recovering (and hurting) from the recession but unwilling to sacrifice their children’s education and future. So perhaps families decide to borrow for a year or two – or four – just till things get a little easier. Do also consider the fact that once you’ve committed to private school, your in it for the long haul for the sake of stability, even if your financial circumstances change.

 

 

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