Student Loans On The Rise — For Kindergarten

play and playthingsWell, 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.)

5 Comments on "Student Loans On The Rise — For Kindergarten"

  1. Lime_in_the_coconut | Apr 11, 2012 at 6:15 pm |

    having worked in private and public education for over a decade, and having done a bit of research on the subject, my assessment is that women are the primary drivers of the student loan fiasco. A simple Google search will establish that women are generally more likely to get student loans, get more student loans, and yet women also are more likely to study useless subjects that lead to low-paying jobs.

    at my job, at a middle school in an upper-middle class community, it’s nearly always mothers who want to steer their children towards a four-year college degree. even when a child has an interest and aptitude in a skilled trade or vocation that will lead to a high-paying job, mothers tend to discourage it. a diesel mechanic is not a fitting job for her precious child — even when a mechanic can earn close to $100k/year. the counselors have learned the hard way not to contradict a mother who’s determined that her paste-eating retard can get into Yale.

    these mothers are essentially using their families as status objects in competition with other mothers. it’s really quite sad.

    • Jin The Ninja | Apr 11, 2012 at 6:29 pm |

      for someone who works in primary education (which isn’t that lucrative unless you are an admin of the school system) proclaiming google scholarship and anti women attitudes seems highly anti intellectual. i’d also be interested to note what subjects you think are “useless.”

  2. DeepCough | Apr 12, 2012 at 1:40 am |

    Buying “pre-college loans” for your kindergartener is like buying “Gerber life insurance” for your infant. See how crazy those two things are?

  3. It is shocking that people need to pay for basic education of their children, what ever happened to the taxes we pay?

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