Forget saving for higher education. Try paying for daycare first.
According to Child Care Aware of America, a nonprofit dedicated to improving access to childcare, the average cost of care for a four year old is higher than the average cost of tuition and fees at a public college in 19 states and the District of Columbia.
Here are five states where daycare is more expensive than college and advice on what parents who are saving for both can do.
Average Tuition and Fees at a Public College: $6,213
Average Childcare Costs for a Four Year Old: $11,585
Considering that the average cost of care for an infant in the Empire State tops $14,000, it’s actually cheaper to educate two college freshmen for a year than put a baby in daycare.
Parents who are…
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