Adoption costs may be the determining factor as to when or whether a couple adopts. The costs vary depending on the adoption type. In general the costs can range from $0 to $40,000 or more.
Here are the costs according to ago.mo.gov
Private agency - $4,000 - $30,000
Independent - $5,000 - $40,000 (there is potential that the costs can be greater, due to additional legal fees)
Public – $0 - $3,500
International - $7,000 - $35,000 (international agencies can impose additional fees and the costs may depend on the amount of travel required)
Our costs will be close to $25,000+. These costs include:
The formal application fee and training workshop - ~$600.00
Homestudy - $2,100
Domestic Program - $4,500
Placement fee - $13,300
Post placement fee - $950.00
Lawyer fees - $2,500— $4,000
How do couples afford adoption?
• There are grants available for adoptions. The applications are also pretty involved from what we have seen thus far. These are probably most advantageous for couples with a longer wait period. So far from what we have seen, you must have an approved homestudy before you apply. Our concern and joy, is that our wait period may be relatively short, leaving us little time to apply or even get the grant money in time for placement. But this is still an option for us.
• Some couples borrow money from banks, credit cards, family, friends (we owe enough money to banks thanks to the Ph.D in the house ☺)
• Some may start businesses or sell lots of stuff through fundraisers
• Some couples simply ask for help from people they know
We are choosing the fundraiser and donation options because we really want to do this debt-free if at all possible.
We will be hosting fundraisers and we have also included a donate button where donations can be made securely through PayPal.
We would love to hear your fundraising ideas as well. Either post a comment here or go to “Share with us” in the tab bar above.
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