If you are a parent who is thinking about attending college, then you are probably thinking about the cost of child care. Child care can cost over $10,000 per year. However, it is important to note where you live, your child’s age and the daycare center will determine how much you pay for child care.
You could end up paying more for child care than you do for your education. However, there are ways that you can save money on child care.
Go to a College With Child Care Resources
There has been a decrease in the number of schools that offer child care. However, congress increased funding for the Child Care Access Means Parents in School in April 2018. This is a program that gives funds to schools so that they can offer child care to low-income students.
You should look for schools that offer low-cost child care options. There are also some schools that have their own funding for parents. For example, Wilson College, which is located in Chambesburg, PA, has the Single Parent Scholar Program. This is a program that offers on-campus housing and child care for single parents.
Apply for a State Grant
There are states that allow you to get a grant for child care. In order to qualify, your income must be 50 percent less than the median income for that area. You should consult with the Department of Higher Education in your state to find out if you qualify.
Get a Private Scholarship
You may be able to get a private scholarship to pay for your child care expenses. You can find scholarships on FastWeb.
Use Student Loans
You can use your student loans to pay for child care. However, this should be a last resort. You will have to pay the loan back with interest.