Andrea
11-25-2009, 03:43 PM
7 Ways to Afford the Cost of Adoption
By Carrie Craft (http://adoption.about.com/bio/Carrie-Craft-9961.htm)
1. Adoption Grants & Adoption Loans (http://adoption.about.com/od/financialmatters/tp/adoptloansgrants.htm)
The cost of adoption seems to scare many prospective adoptive parent away. These organizations offer adoption grants or low interest adoption loans to families interested in adoption.
2. Non-recurring Adoption Expenses (http://adoption.about.com/od/financialmatters/f/nonrecurringexp.htm)
Adoptive families of special needs children can apply for non-recurring adoption expenses to be covered with special subsidies to help with the cost of adoption. Be sure to check the definition of special needs adoptions (http://adoption.about.com/od/financialmatters/tp/affording_an_adoption.htm) in your state. Some states will help families adopting internationally as well. It never hurts to ask.
3. Military Adoption Benefits (http://adoption.about.com/od/financialmatters/f/militaryreimbur.htm)
Military families may be able to afford adoption costs with reimbursement from their military branch.
4. Employer Sponsored Adoption Benefits (http://adoption.about.com/od/financialmatters/f/employerbenefit.htm)
Over the years more and more companies are offering adoption benefits to their adoptive parent employees. Typically these benefits come in three different ways: adoption information, financial assistance and parental leave polices. Does your employer offer adoption benefits? Also, look into the Adoption-Friendly Workplace Program (http://adoption.about.com/od/financialmatters/p/adoptfriendly.htm) for a listing of the companies with the best adoption benefits.
5. Purchase of Service (http://adoption.about.com/od/financialmatters/g/purchaseofserv.htm)
Another way to afford an adoption is through purchase of service. Purchase of service is an agreement between the child's and adoptive family's adoption agencies. Ask your adoption agency to learn more.
6. Get Creative with Adoption Fundraising Efforts (http://adoption.about.com/od/financialmatters/a/fundraising.htm)
A few fundraising ideas to help offset some of the high costs associated with adoption.
7. Foster Care Adoption (http://adoption.about.com/od/adopting/ht/fosteradoption.htm)
There are several hundred thousand children waiting in foster homes for an adoptive family. Foster care adoption is a little to no cost way to add to your family. Consider exploring this adoption avenue and help a waiting child or two.
Source:http://adoption.about.com/od/financialmatters/tp/affording_an_adoption.htm
By Carrie Craft (http://adoption.about.com/bio/Carrie-Craft-9961.htm)
1. Adoption Grants & Adoption Loans (http://adoption.about.com/od/financialmatters/tp/adoptloansgrants.htm)
The cost of adoption seems to scare many prospective adoptive parent away. These organizations offer adoption grants or low interest adoption loans to families interested in adoption.
2. Non-recurring Adoption Expenses (http://adoption.about.com/od/financialmatters/f/nonrecurringexp.htm)
Adoptive families of special needs children can apply for non-recurring adoption expenses to be covered with special subsidies to help with the cost of adoption. Be sure to check the definition of special needs adoptions (http://adoption.about.com/od/financialmatters/tp/affording_an_adoption.htm) in your state. Some states will help families adopting internationally as well. It never hurts to ask.
3. Military Adoption Benefits (http://adoption.about.com/od/financialmatters/f/militaryreimbur.htm)
Military families may be able to afford adoption costs with reimbursement from their military branch.
4. Employer Sponsored Adoption Benefits (http://adoption.about.com/od/financialmatters/f/employerbenefit.htm)
Over the years more and more companies are offering adoption benefits to their adoptive parent employees. Typically these benefits come in three different ways: adoption information, financial assistance and parental leave polices. Does your employer offer adoption benefits? Also, look into the Adoption-Friendly Workplace Program (http://adoption.about.com/od/financialmatters/p/adoptfriendly.htm) for a listing of the companies with the best adoption benefits.
5. Purchase of Service (http://adoption.about.com/od/financialmatters/g/purchaseofserv.htm)
Another way to afford an adoption is through purchase of service. Purchase of service is an agreement between the child's and adoptive family's adoption agencies. Ask your adoption agency to learn more.
6. Get Creative with Adoption Fundraising Efforts (http://adoption.about.com/od/financialmatters/a/fundraising.htm)
A few fundraising ideas to help offset some of the high costs associated with adoption.
7. Foster Care Adoption (http://adoption.about.com/od/adopting/ht/fosteradoption.htm)
There are several hundred thousand children waiting in foster homes for an adoptive family. Foster care adoption is a little to no cost way to add to your family. Consider exploring this adoption avenue and help a waiting child or two.
Source:http://adoption.about.com/od/financialmatters/tp/affording_an_adoption.htm