You know you want to adopt, but you’re quickly finding that adoption comes at a high cost. There are plenty of financial hurdles in the adoption process, and sometimes the funds don’t come easy. In fact, many people have had to face the devastating truth that they may not be able to afford adoption.

Though this can be crushing, you shouldn’t despair if this happens to you. There are plenty of adoption loans and grants in place that help people cover the high costs of adoption. With the help of different foundations and organizations, you can be one step closer to adopting your child.

Don’t Let Lack of Finances, Information, or Help Stop You

When it comes to adoption, the most important component is the child involved. Every child is deserving of a loving family and a safe home, and your desire to adopt, as well as the desire of other parents, helps this become a reality one child at a time.

Adoption comes with a number of difficulties, but there are resources available that can take care of these obstacles. Whether you’re in need of information, finances, or another kind of aid to help make adoption a reality for you and your new child, you can find access to each of these things and more.

Adoption Loans and Grants Are Available

You may not like the idea of borrowing money for adoption, but sometimes accepting a loan is necessary to cover all the expenses that come with welcoming a new child. For some, paying back loans can be quick and painless either through their employer, the military, or other means, while for others it can be a greater commitment.

Whatever your situation is, however, the right aid is out there for you. In fact, adoptive families have plenty of places to choose from when looking into both loans and grants. To start, you can get adoption loans and grants from the following:

  1. Insurance: With some policies, you may be able to borrow from the cash value of your life insurance policy. With this option, however, it is important to be able to repay the amount in a timely manner to protect your family and funds.
  2. Low Interest Loans: Ask your bank if they offer low ­interest loans or even credit lines for adoptive parents. With such loans, you don’t have to worry about inflated interest rates that make the cost higher than you can afford over time.
  3. Religious Organizations: If you belong to a church or other religious organization, you may find that they offer resources for adoptive families as a part of its mission. If this is true for you, you may be able to apply for grants or other “free money” to help with your adoption costs.
  4. Private Grants and Special Loan Programs: Through the National Adoption Foundation, Adoptive Families have access to adoption loans and some private grants offered to need­ based families. You must be careful when looking for private loans, however, as some may be illegitimate or otherwise untrustworthy. Just be sure to do your research and learn more about available resources.

Types of Loans and Grants to Try

Adoption financing information offers different avenues to use when looking for trustworthy loans and grants. These include:

  1. Lifesong for Orphans: This faith-­based organization offers interest free loans to Adoptive Families. For more information, visit their website.
  2. ABBA Fund: Another faith-­based organization, the ABBA Fund looks to help families realize their dreams of adoption. Applications to the ABBA Fund requires you to submit references from your Pastor, a friend, and an employer/co-­worker. To learn more, visit their website.
  3. Help Us Adopt: This organization awards grants three times a year and welcomes all U.S. families to apply. For more information, go here.
  4. Gift of Adoption: This organization has helped thousands of families financially. They offer a number of resources and grants to Adoptive Families as well as invaluable information to people thinking about adoption. For more information, go here.

Giving Back

Many of the organizations that offer grants also have a donations option for Adoptive Families to give back. If you are able, consider donating to some of these foundations to help other families like yours, once the time is right. You were blessed with the aid of others, so give that dream to another family and child when the financial means are available to you.

Adoption is wonderful, and if you truly have it in your heart to welcome an orphaned or fostered child into your home permanently, loans and grants can help with the expected expenses. Though adoption can get costly, don’t let it stop you from helping a child in need.