Many Future Parents are concerned about the costs of becoming a parent through surrogacy. It’s an expensive process. There’s no secret about that. It can cost $60,000 – $100,000 or more to become a parent through surrogacy.
Why is Surrogacy and Egg Donation so Expensive?
Surrogacy and Egg Donation requires the involvement and commitment of many people, and many medical treatments, procedures, and drugs. It’s also a complex legal process. To reimburse the expenses of all parties involved and pay for legal services and medical procedures, you will incur significant expenses.
Obviously, many people do not have tens of thousands of dollars just lying around. Fortunately, you have many options to finance your surrogacy journey.
Planning Ahead and Breaking it Down
Break your surrogacy journey down into smaller parts.
If you need the help of an Egg Donor, you can start with egg retrieval and have the eggs stored, indefinitely. There are a lot of advantages to having your eggs ready before pursuing surrogacy. By having eggs stored you will have an easier time securing a Surrogate. It can be very reassuring to your potential Surrogate to know that everything is in place.
Additionally, there can be complications with the egg donation process which can really drag out the entire surrogacy process. We have seen Future Parents waiting much longer than anticipated to have their eggs ready.
It feels like a weight being lifted to be taking a tangible step towards your dream.
Loans for Egg Donation and Surrogacy
There are options for obtaining a loan to finance egg donation, surrogacy, and fertility treatments. It is common for Future Parents to pay for their surrogacy journey by borrowing the money. You can look into borrowing from your 401(k) accounts, a home equity loan, utilizing credit cards or borrowing money from a family member. There are also financial organizations that specialize in loans for egg donation, fertility treatments, and surrogacy.
Fundraising for Egg Donation and Surrogacy
Ready to get creative? You can finance your egg donation and surrogacy journey through multiple avenues and fundraising is probably the most entertaining. You could:
- Start a GoFundMe account. Share your story and leave it to the internet. Crowdfunding is a great way to give others an opportunity to help you. There are many platforms online for crowdfunding, and some even allow Future Parents to create a fundraiser for free.
- Ask for donations. Skip Christmas gift and birthday cards for small donations to your Parenthood Piggybank. The people who care about you the most will be overjoyed to contribute to you receiving the greatest gift of all.
- Be the Host With the Most. Galas, car washes, golf tournaments, performances and more are all great ways to raise funds. Sell tickets with the proceeds going to your surrogacy fund.
Saving for Egg Donation and Surrogacy
Talk to a financial advisor and learn how to reduce your expenses. Give up those $5 lattes, share a car with your partner, utilize public transit, check your bills for costs you can cut. There are a ton of quick and dirty tricks out there for reducing your expenses freeing up more money that you can put in savings for surrogacy.
Create a savings account for your surrogacy fund and put away money each month.
As your agency, we can help you reduce costs along the way and plan your journey to parenthood effectively. Get in touch with us to talk about your long-term plan for becoming a parent.