Back to School COVID Conundrum: Take Out Loans for Private Education?

A topic of debate across the United States for young families with children returning to school amidst COVID-19 is the prospect of enrolling them in private schools. Having young kids myself as a financial advisor, I can relate to other parents out there that are considering public vs. private education and how they’re going to pay for it.

This Yahoo! News article I read brings to light some fascinating questions on the type of education parents feel their kids deserve, if it’s worth setting aside funds for private school tuition, and whether it’s feasible to take out loans to help pay for it. If you’re a parent thinking about short-term solutions for your kids in elementary or high school know that you are not alone!

The bright spot to any difficulties you may be experiencing in this department is the fact that you can plan ahead – especially for your child’s college education while their still young. Although you need to have a realistic view on paying for things like education and may find yourself stuck in what to do about it, please know there’s no better feeling as a financial advisor than seeing clients and families succeed with their financial security and flexibility.

If you have any questions and are looking for some help in this area, don’t be a stranger and reach out to me. I’d be more than happy to help you along in this process and ensure you have a solid foundation for your child’s future.

Is It Worth It for Parents To Take Out Loans To Send Your Kids to Private School? (yahoo.com

~ Presented by Dan LaNasa