Home Health Parents News Now Report: Student Loans for K-12 on the Rise Report: Student Loans for K-12 on the Rise By Holly Lebowitz Rossi March 30, 2012 Advertisement Save Pin FB More Tweet Email Send Text Message Print Report: Student Loans for K-12 on the Rise 29574 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. Your Tuition Solution, one of the largest lenders in this space, says demand for the upcoming year is already up: This month, the total dollar amount of loans families requested rose 10% compared to a year ago; at that pace, the company expects its total funding to rise to $20 million for 2012-13. Separately, First Marblehead, which exited the market in 2008, reentered last year as demand for loans began to rise. Much of this demand is coming from high-income families. Roughly 20% of families that applied for aid to pay for their children's kindergarten through 12th grade private school education had incomes of $150,000 or more, according to 2010-11 data, the latest from the National Association of Independent Schools. That's up from just 6% in 2002-03. Those who don't get approved for free aid, like grants, increasingly turn to loans, experts say. Image: Kindergarten class, via Shutterstock By Holly Lebowitz Rossi Save Pin FB More Tweet Email Send Text Message Print Comments Add a Comment Be the first to comment! No comments yet. Advertisement Close this dialog window Add a comment Report: Student Loans for K-12 on the Rise Add your comment... Cancel Submit Success! Thanks for adding your feedback.