Student Loans For Kindergarten, High School On The Rise
The Huffington Post | By Loren Berlin | Posted: 03/29/2012 10:51 am Updated: 03/29/2012 10:57 am
As if the student loan debt burden wasn't troubling enough, some parents are saying, "Bring on the debt!"... even though their kids haven't even learned to read.
That's right: cash-strapped parents who want to send their young ones to private schools are taking out loans to pay for grade school, according to SmartMoney. And demand is growing.
Your Tuition Solution, one of the largest providers of loans for K-12 education, reported that the amount of money parents requested is up 10 percent from last year, and that the company is on track to finance $20 million in loans for the 2012-2013 school year, SmartMoney reports. Demand is increasing fast enough that First Marblehead, another pre-college lender, has returned to the market after exiting it in 2008, according to SmartMoney.
As more parents turn to loans to finance private education, school tuition is increasing, furthering the demand for the loans. Over the past 10 years, the median price of first grade at private schools has increased 35 percent nationally, as compared
