Need Help Paying For Daycare? Here's What To Do In Nevada
You need to work so that you earn money to support your family, but who will watch your kids? This is a dilemma many parents face, especially since the cost of childcare in the state of Nevada is often more than rent and college tuition.
A recent article in the Nevada Current said that parents have to pay an average of $951 per month for infant care, and $754 per month for kids aged 4 years old and below. That can be about 20% to 35% of your household income.
But with inflation and the rising cost of living, it’s almost impossible for families to live on just one paycheck. Having both parents work or even take on a second job to help cover important living expenses like rent and food, will mean that part of their salary will most likely go to high daycare payments.
Where To Get Help Paying For Daycare
Unfortunately, there are situations when you can’t afford daycare. Maybe your paycheck is late, an emergency expense came up, or your hours were cut at work. When such events happen, parents can get help paying for daycare.
Nevada Childcare Fund
This state-subsidized program will help families cover the cost of high daycare payments. Thanks to a recent $50 million investment from the American Rescue Plan, and their expansion of coverage to include parents with an income below $60,000 to $70,000—or double the amount that was previously needed to qualify, many parents can find the help they need.
About 5,500 families are already enrolled in the Nevada Childcare Fund. To find out if you’re eligible for childcare assistance, visit their website at nevadachildcare.org.
The Children’s Cabinet
This organization works with government and private companies to provide resources for Nevada families in need. Programs include family counseling, a food market, workshops, and financial support.
Their website (www.childrenscabinet.org) has a list of childcare providers that are licensed and have affordable rates. They also have a special financial assistance program for parents who are seeking employment, which includes subsidized child care. Go to the website to print out their application form, or to apply online.
Military Assistance
If you or your spouse are serving in the military, you can approach Child Care Aware (www.childcareaware.org) to find help paying for daycare.
To qualify for the program, you need to present a valid license, a state licensing inspection report that was issued within the year, a national accreditation certificate, a W-9 form, and verification forms from your childcare provider.
Submit the forms through the website. Approval takes about 7 to 10 business days.
National Head Start Association
The National Head Start Association (NHSA) is a nationwide program for childhood learning and healthy development. They assist low-income families with children below the age of five years old. Pregnant women can also apply.
Click on this link to find the Head Start program in your community, and its particular requirements to get help paying for daycare. The page also has a table that shows whether you are eligible for the program, and how much you can get per child.
While the Head Start program provides good support, there is a long waiting list—so apply early.
Tax Credits
One way to free your household budget for high daycare payments is to avail yourself of tax credits. There are three ways: Earned Income Tax Credit, Child Care Tax Credit, and the Child and Dependent Care Tax Credit.
These allow you to claim childcare on your taxes, and get higher tax deductions. You just need to go to the IRS office in your area to get the forms and find out what requirements you need to apply.
However, the problem with tax credits is that you’ll have to wait until the end of the year to feel the effects. You will still need to find a way to pay for daycare right now.
Local Church Or Community Center
While your local groups may not have the big funds of nationwide, government-funded programs, they often reply much faster to requests.
So, while you wait for a reply from those programs, go to your local group to see if they can help with your problem of high daycare payments. They may be able to provide financial assistance or refer you to a local daycare that can give you a special rate.
You can also ask them to refer someone in the neighborhood who can babysit your children until you can get them into a daycare program.
Payday Loan
Finding daycare subsidies can take a while, especially if there’s a long wait list or a list of requirements that you have to put together.
In the meantime, you need to find a way to pay for high daycare payments right now. If the need is urgent, and it’s come to the point where you have to choose between finding child care or losing your job, a payday loan can help.
A payday loan is like a cash advance on your next paycheck. You can borrow up to $500, which you pay off on your next salary date.
Unlike other types of personal loans, you don’t need to have a high credit score or gather a lot of documents. Just present a state-issued ID like a driver’s license, your most recent pay stub, and a blank check from an active checking account in your name.
Fastest Way To Get A Payday Loan In Nevada
We know you’re busy with work, parenting, and household responsibilities. That’s why at Nevada Title and Payday Loans, Inc., we created a very simple process when requesting a payday loan.
Just fill out the online form and one of our loan representatives will call you to explain the process and answer your questions. Then, go to the branch to present documents and complete the process. If your loan is approved, you get the money the same day or the next business day.
Fill out the form and get help paying for daycare payments now.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.