Well, I suppose this makes sense in that school is supposed to prepare people for the rest of their lives. SmartMoney on a new trend:
It used to be that families first signed up for education loans when their child enrolled in college, but a growing number of parents are seeking tuition assistance as soon as kindergarten. Though data is scarce, private school experts and the small number of lenders who provide loans for kindergarten through 12th grade say pre-college loans are becoming more popular.
The loans can also be expensive. The interest rates — which can be fixed or variable — range from around 4% to roughly 20%. (Lower rates are given to parents with higher credit scores.)
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