Financing adoption
Categories: Adoption, Media, That's Entertainment
As anyone who's ever adopted before can
tell you: the fees related to completing an adoption can be pretty breathtaking. In my experience, adoption
fees can range from just a few thousand dollars (particularly if adopting through the state in the United States) to
upwards of tens of thousands of dollars. The truth is that fees associated with social workers, immigration
attorneys, adoption attorneys, adoption agencies, medical examinations and travel can add up. Adoption is
definitely not for the financially (or emotionally) faint-hearted.Adoptive Families Magazine is currently featuring an article on its website sharing the many ways that adoptive families have raised the money needed to finance their adoption. The ideas range from taking out loans and borrowing from friends and families (and the many government resources that exist) to having fundraisers and moonlighting. My favourite idea? The couple who ran a marathon, and raised over $27,000 for their efforts. Now that's commitment.
If you're considering adoption and are intimidated by the costs, this is definitely worth the read.
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Reader Comments (Page 1 of 1)
Ben 3-14-2006 @ 4:15PM
One thing I've always wondered about financing an adoption, if you don't make a payment on the loan do they take your child away? :) I assume you use something like a house/car as colateral but still a funny concept!
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Tara 3-14-2006 @ 5:06PM
It seems as if there would be a MUCH better way than having it cost so much money. That is just sad to me.
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ann adams 3-14-2006 @ 5:36PM
The state helps in some cases here; I think mainly older special needs kids. I've always wondered why, with so many kids begging for homes, why it's so expensive and there isn't more help available. A family (or person) doesn't have to be wealthy to provide a loving home but they may never have the opportunity because of the upfront cost.
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P's Mama 3-14-2006 @ 7:17PM
My mother often tellls me of my own adoption 33 years ago. It was a private case, and she paid the attorney's costs, and the costs to cover my bioloigical mother's healthcare costs. We were your average middle class family then. Four years later, my parents wanted a sibling for me, and they could no longer afford to adopt in the states, and so went abroad for my brother. Keep in mind that this was in the early 70s. Along the way, other family members and friends have adopted, and more and more they've been turning to foreign adoptions because to adopt domestically has become outrageously expensive.
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