Homeschooling emerged when parents judged that their local academic programs did not offer the quality and rigor that they sought after for their children. Thus they would merely pull the plug on going to a formal education, and instead be tutored by mentors, home teachers, and members of their neighborhoods.
What marks many homeschooled children is the independence in terms of selecting what they want to learn. By following a home schooling arrangement that not only enables a well-balanced foundation in the arts and sciences, but to essentially concentrate in whatever field of interest that they are passionate about, produces genuinely intelligent students who go on to excel vis a vis students in similar formal class programs.
As systems infrastructure expands and as the worldwide workforce evolves, Home education presents a further well-regarded option for those who want a dynamic education both in terms of theory and in practice.
Many reasons are cited for opting for Homeschooling. They include but are not limited to religious purposes, disagreements with the local learning environment curricula, feeling of poor level of instruction in the schools, fear that peer influence will have unpleasent affect on their child's education, and for others it's because of disabilities which require broader avenues for achieving an education.
As you can tell by now, home school arrangement alternatives are certainly something that can be contemplated, even though not considered mainstream. It's important to sit down carefully with your child (as his or her choice should be factored into the decision), as well as local training counselors and anyone other families that may have been involved with homeschooling programs to some extent.