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The decision to adopt a child is a beautiful one. And it is not one made overnight. During the decision-making process, there are many things to consider, including the cost of adoption.

The cost of adoption can be intimidating. Based on the Adoptive Families 2016-17 survey, the average cost to adopt a child is $40-44,000. What can be done to make adoption more affordable and accessible?

One way to decrease the cost of adoption is through fundraising and crowdfunding. Online platforms are a great place to start. Some resources include GoFundMe, AdoptTogether, and Lifesong for Orphans. Tools like these allow you to create online profiles and fundraisers. Family and friends then have the opportunity to engage, track the progress of your goals, and donate to support your adoption.

Grants are another option to explore. These are a way you can receive financial aid without the burden of repaying the funds. Some of the most popular grants can be obtained through Gift of Adoption Fund, Katelyn’s Fund, and Help Us Adopt. Check out these grant opportunities and their criteria to determine the best fit for you and your family.

Interest-free and low-interest loans are another avenue to consider. Carefully review the criteria and repayment terms to make sure they match your qualifications and repayment ability. Organizations that offer loans to help cover the cost of adoption include the ABBA Fund, A Child Awaits, and America’s Christian Credit Union.

Offset the Cost of Adoption with the Federal Adoption Tax Credit

As you put together a plan to cover the cost of adoption, include the possible savings you will receive from the adoption tax credit. The tax credit can help you offset specific adoption-related costs. Read more to learn about the qualifications and limits for 2019.

Remember, while adoption comes with costs, there are many sources of aid out there waiting for you. So, grab your calculator and sharpen your pencil — growing your family through adoption is possible with planning and savvy financial solutions.