Trends in Ed: The Unstoppable Growth in Student Loans
We all know of the explosive growth in student loans to pay for college and graduate school education, with total student loan debt now approaching a trillion dollars. This trend has mirrored a concomitant growth in tuition costs. It is therefore not too surprising to discover that demand for loans to cover the costs of private secondary and primary education, up to and including kindergarten, is on the rise.
Discontent with the opportunities provided by the public school system leads parents to private education, but this is despite, and not because of, the prohibitive cost. Instead of simply shuddering in horror at the never-ending (and extremely expensive) certification treadmill to which we seem to be trained, one should view this growth market as a sign of the tremendous opportunity awaiting serious and low-cost alternatives to the traditional educational model.