Conflict is thought to depress human capital by disrupting schooling, destroying assets, and weakening the state. Yet insecurity may also raise the value of education. This paper studies cohorts reaching school age before and after the 1990, a Hindu nationalist procession that sparked riots along its path, across cities at varying distances from its route. The campaign was abruptly halted before completing its route, providing a placebo: places targeted by the same organizers but never reached by the procession. Muslim cohorts schooled after the Yatra in cities closer to its route attain more primary education. This is striking given the losses conflict is expected to impose, and given the persistently low educational mobility of Muslims in India. The response is privately supplied: private-school openings rise near the route, including minority schools and madrasas, while government schools do not respond. Exposed Muslims are also more likely to enter formal-sector employment, with no rise in self-employment. Together, the results point to an inward response in the supply of schooling, as communities substitute for an unresponsive state, and an outward response in the labor market, as the cohorts they educate move into formal-sector jobs.