This a rticle analyses schoolchildren`s parents subjective perceptions of risks related to education in Moscow. The study examines prevalence of differing opinions on this issue and attempts to classify subjective risks. Basing on the data of survey of 1–11th grade students` parents conducted in 2013 in Moscow by Institute of Megalopolis Human Development (IMHD), three different types of risks are identified. The first type is intra-school risks which include dissatisfaction with characteristics of schools (educational programs and teaching staff as well as ethnic composition of school classes). According to the data, this sort of risks affects 67% of families with schoolchildren in Russian capital. The second type – intra-household risks – covers risks of lacking household resources. Approximately 39% of respondents declare at least a component of such risks. Third type – external risks – concerns indicators of child-friendliness in the urban space. About 83% of parents fear street crime on the way to school or lacking reciprocity among citizens. A special attention is paid to the intersection of different risks and concentration of intra-school, intra-household and external risks in the minds o f respondents. It should be pointed out that more than half of schoolchildren`s parents do not find any risk in the context of education. However a considerable number of respondents – 44% – presume that at least one type of risk occurs and almost 23% notice at once system, intra-household and external risks.