It has become commonplace within the educational research community to invoke the transformative power of education. The call to adopt a 'transformative' approach to teaching and learning can be heard in fields as different as adult education and school leadership and as estranged as social justice education and educational psychology. While there is undoubtedly great promise in the idea of transformative education, the fact that it involves deep psychological restructuring on the part of the student requires ethical justification. In this article, I analyze the three most pressing ethical problems that arise within a transformative educational environment: the problems of transformative consent, controversial direction and transformative trauma. In the concluding section, I argue that this ethical analysis urges us to adopt an approach to transformative education as a process of initiation.