While embryo adoption is one of the most affordable alternative family building options for couples, chances are you may not have an extra $6,000 to $16,000 to pay for it. Many couples who have been through the embryo adoption process before have found creative ways to pay for their dreams of being a parent. Creating a Family recently blogged about the results of a survey, in which the organization asked 100 adopting families how they paid for adoption. In the blog post, 9 Ways the Average Person Can Pay for Adopting a Child, Creating a Family reveals that the majority said they financed their adoption through loans, either home equity, borrowing from their 401(k), or consumer loans. There are also adoption-specific loans available through various agencies such as ABBA, which has loaned over $5,000,000 for adoption assistance since the fund began.
Another great option that has caught on in recent years is crowdfunding. If you’ve heard of websites like Kickstarter and GoFundMe, you are probably familiar with the idea. Primarily used to launch businesses and product lines, individuals are using these crowdfunding sites to raise money from friends, family, and even compassionate strangers around the world. You set up a page explaining what you want to use the money for, and the website handles the transactions and donations for you. CNN reported that GoFundMe has seen over $1,000,000 raised for adoption and fertility treatments since it launched in 2010.
Check out Creating A Family’s post on paying for adoption for other great ideas you can use (we love the garage sale idea!). One of the best ways to find new ideas for financing your embryo adoption dreams is to speak to couple who have done it before you. Hop on message boards or go to a support group. Many couples just like you have realized their dreams of embryo adoption, and chances are they will have great ideas about how you can do it, too! If you’d like to learn more about the embryo adoption and how to pay for it, visit www.embryoadoption.org.
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