It hurts my head to think of how much college will cost for four boys. We are saving as much as possible, but sometimes I wonder if it will be enough. Thankfully in Canada we have Registered Education Saving Plans which allows all money to grow tax free, plus the Government gives a 20% grant on everything we save. But an article from the New York Times caught my eye: Child Care Costs More than College. It claims that in many areas in the United States, the cost of Daycare is as much as tutition at a public college. In some areas like New York and Washington, DC, child care costs are almost double the cost of tution. My first reaction was to think those poor suckers, paying as much for daycare as they would for college. Then I actually tried calculating how much Daycare was costing me.
The number? $5720 for one child!! Compared to $9533 in New York, this is a bargin, but it is actually more than a year at our local university. To attend the University of Manitoba for one year, tutition is $3597! Crazy.
I love my Daycare and Ab does really well in it, but it still makes me think: for $3600 a year, my kid could be getting a Bachelor of Science, I sure hope for $5700 they are at least preparing him for the S.A.Ts.