This study explored parents' (N = 351) educational optimism in terms of their trust in the possibilities of school to develop children's intelligence. It was found that educational optimism could be depicted as a bipolar factor with optimism and pessimism on the opposing ends of the same dimension. Optimistic parents indicated more satisfaction with their children's school and had a relatively positive assessment of their children's academic success, which they explained in accord with their dynamic notion of intelligence, i.e. the child's effort and help from the teacher. Parental notions of intelligence seem to serve as an important interpretative source for educational hopefulness.