Unschooling is basically letting your child choose what they're interested in/what they want to learn about and when, totally at their own pace.  Parents act as facilitators, rather than teachers.  We've seriously been considering doing it with ds1.  Actually, I guess we kind of do it already, since we answer all his questions about everything he's interested in, but actually unschooling would also involve looking up more details about his questions, coming up with projects to help him learn more about whatever he's interested in, teaching him how to find out more about his interest, etc.

http://www.unschooling.com/
http://www.naturalchild.com/guest/earl_stevens.html
http://home-educate.com/unschooling/

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Lisa, mommy to B (8/01) and C (7/05)UBAC!