NYC will subsidize preschool loans

Should Upper Middle Class Tots Get Subsidized Student Loans for Pre-School? asks the New York Observer.

I thought it was a joke, but no.

City Council speaker Christine Quinn, who’s running for mayor, announced a council initiative to offer middle and upper-middle class parents subsidized loans for daycare and preschool.

“Early childhood education is one of the most important investments a parent can make,” said Ms. Quinn in a statement about the program. “But too often, quality child care is out of reach for middle class families. The Middle Class Child Care Loan Initiative is a smart program that will help parents pay for child care and give New York City’s next generation a jump start on their education.”

Families earning $80,000 to $120,000 a year will be able to borrow up to $11,000 a year at 6 percent interest for kids between the ages of two and four. In theory, less affluent parents can access subsidized child care, but the cutoff is $53,707 for a family of three and $64,762 for a family of four,  according to the Observer.

There’s also the question of whether giving a family earning $190,000 a year a pre-school subsidy will level the playing field, or make it even more unequal. Ostensibly, rather than making the difference between sending a child to preschool or keeping him at home, such loans might be used more to help the middle class’s upper crust pay for elite preschools, putting more distance between very young children in a city that is already plagued by income inequality and where competition for gifted and talented slots is incredibly fierce and many would argue, unfair, given the intense coaching and drilling engaged in by families who can afford it.

Preschool doesn’t teach children from educated families anything they’re not already learning at home. It’s fun for most kids to play with others. But it’s not the difference between academic success and failure — or even between the Ivy League and State U.

In San Jose, Harker, a high-achieving private school, is opening a preschool that will charge $22,000 a year. The Mercury News story gushes:

A mural-and-mosaic entrance, multicolored floor tiles and light-filled rooms welcome families. And of course, this tiny-tot heaven features a sandbox, play kitchen and lawns wide enough to do, perhaps, 75 somersaults in a row.

. . . preschoolers will choose from an array of activities based on their interest at the moment. As kids explore, teachers facilitate social skills and encourage curiosity, discovery and problem-solving.

I’ve never seen nor heard of a preschool that didn’t encourage play, exploration, creativity  and learning how to get along with others. This one will have lovely facilities, teachers with advanced degrees — and the children of highly educated, well-to-do Silicon Valley parents, who hope preschool admission will help their kids get into Harker.

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Comments

  1. Foobarista says:

    Hey! College loans are working out so well we may as well have ’em for pre-school!

    • BUT – we’ll be loaning to parents, not kids. Their brains are cognitively mature, so they can understand future consequences; unlike college students (or tots). We can ovserve how well they’re doing saving for retirement and taking out responsible sized mortgages to SHOW how good and safe this will be.

      • GoogleMaster says:

        Yes, adult’s brains are cognitively mature and adults would never do things like use their homes as ATMs multiple times, and then be confused when the bank wants the money back.