Increased Foreclosures Create Homeless School Aged Children
admin on December 29th, 2008
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The nation’s foreclosure crisis has reached the halls of education as more students become homeless. Reports state that 1 out of 10 homes in the US have or are experiencing mortgage issues during the nation’s economic meltdown. The increasing foreclosure rate has had devastating effects on housing communities and banks across the nation and consequently school kids are feeling the affects. Reportedly, 2 million school age kids are returning from schools for the holidays to find their home is now a “house for sale” and themselves without shelter.
As a result of the increased homelessness among school aged children, some school districts are facing an influx of students from devastated communities. Displaced former homeowners must turn to relatives or already crowded low income areas to live. Educational and social services are suddenly finding themselves far shorter on resources than expected. In addition, homeless students are reportedly experiencing increased levels of truancy and behavioral issues. State and local municipalities are responsible for financial support of their school systems.
Traditionally, the state schools systems relied upon real estate property taxes as the main financial resource for education funds. However, with record unemployment and foreclosure rates, school districts are losing their tax base as homes sit empty for a year or more. Many school districts are struggling to meet the federal educational standards needed to qualify for federal financial assistance. As economist predict near future waves of more economic despair, school aged children have become a major concern across the nation.
