SPECIAL REPORT: cost of raising a child

As families across the nation know, the cost of raising a child is only inreasing, especially when it comes to chlid care. In fact, some reports show the cost is more expensive than in-state tuition at some state colleges.

One reason for the expense, according to local experts, a disparity in income compared to the cost to operate a business.

"What we're noticing about the cost of childcare is that it's increasing annually in our state at about a 2.6% increase," said Teri Kosik, the Executive Director at the Early Childhood Development Center at Notre Dame, "but family incomes are not increasing at that same rate. They are very close to the 1.4% increase."

Early education instructors are also required to have more education now, than in the past. Many times, they also need a degree, which usually requires a higher salary. Plus, food, classroom materials and health insurance also add to the cost for daycare center operators. That means a higher tuition for families.

So how can you battle big costs?

The Early Childhood Alliance and the National Association for the Education of Young Children (NAEYC) are both resrouces in Indiana, Hoosier families can turn to for help with educational or financial questions.

And vouchers are available for those who are income eligible. Families can turn to KV Works for more information. Click here to find more.

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