Adoption Financing and You: How to Afford Adoption

Posted by Mardie Caldwell, C.O.A.P. on October 2, 2019

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Adopting a baby can be an expensive goal for many couples, but it doesn't have to be. Depending on the resources and methods hopeful adoptive parents use, it can be reasonably affordable. 

How much adoption costs varies based on several factors. And while these costs are well worth it, the fact is that the cost of adoption is a genuine concern for most couples. 

The good news is that there is financial help with the cost of adoption for almost all families!

Keep reading to learn more about the cost of various types of adoption, and expenses to keep in mind. We'll also share strategies for how you can afford to adopt!

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Topics: Adoption Grants, Financial Assistance for Adoption, cost of adopting, afford to adopt, adoption financing, adoption loans, how to afford adoption, cost of adoption

How to Get Financially Prepared for Adoption

Posted by Lifetime Adoption on April 11, 2019

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Today's article comes to us from LendEDU.com, a website that helps consumers learn about more about financial products such as personal loans, credit cards, insurance products, and more. 

Throughout the United States, the National Council for Adoption (NCFA) estimates that nearly 100 million people have been impacted by adoption in some form or another. This could be one of the more than 110,000 children adopted each year or the parents, family members, or friends of parents who decide to add a member to their family squad. Adoption can be a beautiful experience for both the child and the family, but it comes with a variety of considerations, particularly on the financial side.

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Topics: Financial Assistance for Adoption, Adoption Fees, cost of adopting, afford to adopt, adoption financing, how to afford adoption, how much does it cost to adopt, employee adoption benefits, how much does adoption cost, affording adoption

Domestic Adoption or International Adoption: Which is Best for You?

Posted by Lifetime Adoption on March 28, 2019

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When a couple begins to explore the idea of adoption, it's easy for them to get quickly overwhelmed with information, questions, and decisions.

One of the first decisions they face is whether to seek a domestic adoption or international adoption. Many factors come into play during this decision, including wait time, cost, legal concerns, children available, and medical history.

Join us as we go into detail about these five factors, so that you can decide whether a domestic adoption or international adoption is best for your family!

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Topics: Domestic Adoption, International adoption, adoption wait, cost of adopting, domestic infant adoption, how much does adoption cost

How to Use a Loan to Pay for Your Adoption Expenses

Posted by Lifetime Adoption on January 9, 2019

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Each year thousands of couples are able to realize the joy of parenthood through adoption. During the adoption process, fees are due for services like obtaining a home study, facilitating a match with a birth mother, and legal representation.

In addition to adoption fees, there are expenses such as the cost to create and print adoption profiles, hospital costs, birth-related expenses, and the costs associated with adoption travel (flights, fuel, lodging, etc.)

Fortunately, there are several financing and funding resources available, providing the route to adoption at a reasonable cost. Obtaining an adoption loan makes adoption feasible for many couples who wouldn't otherwise be able to afford it. With an adoption loan, you can typically enjoy access to the funds you need right away!

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Topics: Adoption Fees, cost of adopting, adoption financing, adoption loan, adoption loans, how to afford adoption, affording adoption

"If children are in need, why isn't adoption free?"

Posted by Lifetime Adoption on November 6, 2018

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"It seems like adoption is so expensive, almost like it is buying a baby. Why does it have to cost so much when all we want to do is help a child in need?"

Many families have a similar reaction when they discover that there is a cost to private adoption.  Learning more about the costs often help families understand who the fees go to and what they are for. Today, Lifetime is giving you a quick rundown to help understand adoption costs!

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Topics: Adopting a child, Adoption Fees, cost of adopting, how much does it cost to adopt, how much does adoption cost, why is adoption so expensive

20 Effective Ways to Save Up for Your Adoption

Posted by Lifetime Adoption on August 8, 2018

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When you’re trying to afford infant adoption, it’s important to cut costs and save money wherever you can. Lifetime Adoption suggests creating an adoption budget, and setting up a separate bank account specifically for adoption funds. Today, we’re sharing 20 effective ways that you can save up for your adoption:

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Topics: cost of adopting, adoption financing, how to afford adoption, fund an adoption, fund my adoption, fund your adoption, how much does adoption cost, why is adoption so expensive, affording adoption

Here's What You Need to Know About Birth Mother Expenses

Posted by Lifetime Adoption on March 2, 2018

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Here's a frequently-asked question about birth mother expenses: "If a birth mother decides to not place her baby with us, can we get back the money we paid for her living expenses during the pregnancy?"

Most adoptive couples are open to helping out with living expenses, and many birth mothers greatly need this help.

Keep reading to learn more about birth mother expenses!

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Topics: Adoption tax credit, cost of adopting, reclaim, adoption law, pregnancy expenses, birth mother expenses

Why Do Adoption Agencies Charge Couples to Adopt?

Posted by Lifetime Adoption on March 3, 2016

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Many couples who come to adoption, especially those who may have spent a lot of money and emotion on fertility treatments, are hesitant to spend money on adoption.  And many ask “Why isn’t adoption free?”

It seems like it should be simple…  A birth mother wants to place her baby, a couple wants to adopt a baby, it should take minimal effort, right?  The truth is that there is so much that goes on to make adoptions happen.  Here are a few things to keep in mind when you are wondering why adoption agencies have to charge parents for adoption services:

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Topics: Adoption Fees, cost of adopting

How to Adopt Without Going Into Debt

Posted by Lifetime Adoption on February 23, 2016

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Many adoptive families budget, save, and get loans in order to afford to adopt. Then, they end up paying off loans for many years. But what if you could adopt without going into debt at the same time?

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Topics: Adoption Grants, cost of adopting, afford to adopt, adoption budget