3 Must-Know Tips for Financing Your Surrogacy

When it comes to financing surrogacy, you may be overwhelmed with the costs presented to you as an intended parent. Where are the affordable surrogacy options? What are the options for how to pay for surrogacy?

While it is true that surrogacy can seem an expensive process at the beginning, it’s not as unachievable as it may have seemed to intended parents years ago. There are many surrogacy financing options available to you today to make your surrogacy and parenthood dreams come true — and American Surrogacy will always work with you to help find the financing you need to successfully become parents via surrogacy.

Surrogacy financing may take some foresight and preparation, but when you take the time to locate proper resources, you can and will become parents in a way that doesn’t bankrupt your family.

To learn more about how American Surrogacy can help you with surrogacy financing, please contact our surrogacy specialists at 1-800-875-2229. In the meantime, here are some of the more popular ways of how to pay for surrogacy in an affordable manner:

1. Surrogacy Grants

Surrogacy grants are a key resource for many families who are looking for affordable surrogacy options. By providing funds that don’t have to be paid back, surrogacy grants can make a huge difference for intended parents who are wondering how to pay for surrogacy without breaking the bank.

These grants are usually available for families going through the surrogacy process and other infertility treatments and, like other grants, are awarded based on many different qualifications. Some organizations may have different requirements than others, so it’s important to do your research to find out which grants you’re eligible for based on your individual situation. The last thing you need is to apply to a grant program which you’re ineligible for.

Your surrogacy specialist can always provide examples of grants you can apply for, but here are some of the most common organizations:

  • Journey To Parenthood: This organization offers grants to families going through advanced infertility treatments as well as adoption. Any U.S. citizen living in the U.S. and being treated by a reproductive endocrinologist and infertility specialist may apply. Grant amounts vary.
  • Tinina Q. Cade Foundation Family Building: This organization offers up to $10,000 per funded family to help with infertility and adoption costs.
  • Pay It Forward Fertility: Grants are available for U.S. citizens who do not have insurance coverage for IVF and are awarded several times a year in varying amounts.
  • Life Grants: The Life Foundation offers grants to individuals and couples to help with the cost of infertility treatment, adoption or third party reproduction.
  • Family Formation Charitable Trust: The Academy of Adoption and Assisted Reproduction Attorneys offers grants for families who can benefit from assistance with adoption and ART methods, as well as financial aid to help children who are in need of placement with a forever family.
  • Baby Quest Foundation: Grants are provided to those who cannot afford the high cost of infertility treatments like IVF, surrogacy, gamete donation, egg freezing and more.

It’s important to recognize that many of these grants and organizations rely on donations, so if you or someone you know has been affected by infertility and is able to give back, we encourage donations to help other intended parents achieve their dreams, too.

2. Surrogacy Loans

Another popular surrogacy financing option is surrogacy loans. Like traditional lines of credits, these loans must be paid back with interest, so it’s important to find the most affordable surrogacy loans that will work for you and your family.

We encourage you to speak to a financial advisor before you take out any surrogacy loans to pay for your infertility treatments to discover what options are available for you.

Traditional loan options include:

  • Home equity loans
  • 401(k) plans
  • Credit cards
  • Loans from family members

In addition, there are financial organizations that specifically provide surrogacy financing for those going through the infertility process:

Many surrogacy professionals may also create a specific payment plan for you based on your financial situation. Talk to your surrogacy specialist today to find out what options are available to you.

3. Surrogacy Fundraising

Finally, another surrogacy financing option is raising money for your surrogacy expenses yourself. There are many ways you and your family can raise your own funds for your infertility treatments, either with simple methods or more creative ones that extend beyond your own community.

Here are some examples to help you start your fundraising process:

  • Use an online fundraiser like YouCaring.com or GoFundMe.com to reach out to friends and family for donations.
  • Ask for donations to your surrogacy fund rather than gifts for holidays.
  • Use your skills to sell handmade products (like your crafts on Etsy).
  • Host a garage sale.
  • Partner with a direct sales consultant to see if they would donate their commission from a party you host.
  • Organize a fundraising event like a car wash or silent auction.

In addition to these surrogacy financing tips, it’s important that you start saving for your surrogacy as soon as you start considering it as an option for your family. Again, speak to a financial advisor to determine the best ways allocate your funds to create an affordable surrogacy process for your family. Ask other intended parents for saving and fundraising tips, and don’t be afraid to use all of the options available to you during this fundraising process.

Surrogacy may seem like a daunting process when it comes to the costs involved, but with proper surrogacy financing, it can be an option for you. To learn more about American Surrogacy’s cost schedule and how we may help you find affordable surrogacy for you, please contact us today

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