The bad news for parents is that paying for college just keeps getting more expensive. Even worse -- college may actually seem like a bargain if you’re used to paying for daycare. According to a new report by Child Care Aware of America , daycare costs for an infant are now higher than a year of in-state tuition at a four-year public college in 35 states and D.C.
Even if your kiddos are a little older and you’re no longer paying the newborn premium rate, there’s still a good chance you’re paying more for daycare than you would if they were earning college credits. After all, daycare costs for a 4-year-old are still more expensive than a year’s worth of college tuition in 19 states and D.C. These comparisons are for childcare centers. In-home daycares, while still pricey, often tend to come with a bit less sticker shock.
YIKES! What are your plans for child care when you go back to work?