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# Children:
This document outlines a program which provides interest-free loans
Child or parent may apply for voucher program
* Periodic reassessment of need.
The voucher program is effectively a revolving line of credit which may only be used to pay schooling/tuition related expenses **directly** to a schooling institution. The program does **not** pay any funds into the hands of the child or the parent.
All interest payments on the debt instrument are chargeable directly to the government, while the bond instrument remains chargeable to the parent/guardian (i.e, the parent/guardian is liable for the principal). This is in effect a zero-interest loan to the parents.
## Vouchers for schooling:
* Schooling can be very expensive sort of? But
* These loans are gong to people who are unlikely to pay them off.
* The banks will just charge the state enough to cover both the principal and the interest rate (we're okay with this, because the disincentive remains priced onto the parent).
* The bank can try to just give out extremely liberal loans to attempt to cover their own expenses.
* This program may end up causing poor people to get better schools than people who pay for schooling out of pocket -- there needs to be a mechanism for somehow limiting the amount that can be borrowed on the line of credit.
* Manage the schools' ability to "overcharge"
Consider:
* Preparatory schools - focused on training children for a specific profession - the institution can garnish wages.
* Consider incentivizing internships and apprenticeships.