Child daycare is an essential part of working parents and guardians. With workplaces adjusting to covid, if you have children and are working, then you may need emergency cash to pay for child daycare. The good news is that there are many options out there, so your child can get the care you need, so you can continue working.
There are financial assistance programs and childcare assistance for those who are struggling. Options with child care providers, and emergency loan options that can help. Keep reading to find out more about these options including eligibility requirements and where to begin your search.
Assistance Programs for Emergency Cash to Pay for Child Daycare
For those who are single parents, low income, students, or are just struggling after the coronavirus pandemic, there is help.
They can help you pay for child daycare or provide a low cost or free solution to it.
Here are a few of the programs to look into:
Government Programs Low Income Families
- TANF (temporary assistance for needy families) — TANF can help eligible families with all kinds of financial assistance. For instance, food assistance, living expenses, and even child care assistance for low-income families.
- Your Local Cities Development Fund— many major cities like Chicago, New York, and Denver have development funds. These funds help low-income communities through new markets tax credits.
- Childcare Subsidies — the federal government provides each state funds for a state-run child care subsidy program. These childcare programs help low-income families cover the cost of childcare so they can work or attend school.
- Head Start and Early Head Start Programs— for families who are low income, head start and early head start can help prepare children to start school, early childhood social skills, and early learning, much like traditional daycare does.
- State-Funded Prekindergarten— state pre-k programs serve children between 3 and 5 years old. They focus on early education and school readiness.
- The Administration for Children & Families (ACF)— ACF is a division of the Department of Health and Human Services. ACF promotes the economic and social well-being of families, children, individuals, and communities.
Programs with Different Eligibility Requirements
- Military fee assistance programs—military families can get assistance with childcare. Child Care Aware is one organization, to begin with.
- CCR&R—Child Care Resource and Referral (CCR&R) connect parents, child care providers, community leaders, and policymakers with regards to child care. For children with special needs, CCR&R can also help families find the right care.
- Assistance for high school and full-time/part-time college students— some states offer financial help for high school students and college students who need child care to finish school.
- Employer-assisted dependent care— the place where you work may be able to provide discounts with certain child care centers.
- American Indian and Alaska Native Assistance— the federal government provides child care grants to tribal organizations to help American Indians and Alaskan Native families.
- Nonprofit Organizations—nonprofits are another resource that can help with the funds you need for daycare, or connect you with childcare centers or a referral agency.
Options with Child Care Providers for Child Daycare
Many caregivers and daycare providers may be able to accommodate a payment plan for families. This can help break down the upfront and monthly costs of paying for daycare.
For those who have multiple children, there may be a sibling discount with enrollment daycare facilities.
Another option to look into is family child care. If a family member or friend is able to watch your children while you work. This can be low-cost or free. However, keep in mind high-quality childcare (such as with teachers) may not be an option when asking your friends or family for help.
Loans for Emergency Cash to Pay for Child Daycare
A loan may be another quick option, and well suited for emergency cash. Below are a few loan options to consider:
- Title Loans—Title loans are a type of loan that are secured from the equity of a vehicle. These loans generally last about a year but can be as short as a month. Most lenders will let a borrower keep and drive the car while repaying the loan. Title loans can range anywhere from a few hundred dollars to thousands (the loan value will largely depend on the value of the vehicle).
- Payday Loans—Payday loans are secured by the borrower’s paycheck. These loans last an average of about two to four weeks and usually are for a few hundred dollars. Some payday loan lenders may ask for one-time access to a primary checking account, in order to collect funding on the due date automatically.
- Personal Loans—A personal loan can be an option for good credit scores.
- Credit Cards— credit cards can be used for all kinds of emergencies, including child care services. For those who already have a credit card, it can make the process of getting emergency cash simple.
- Home Equity Loans—Home equity loans involve the borrower’s home as an asset. Because the value of a home can be such a large amount, a borrower may be able to get a good amount of funding (think in the thousands range). These loans also tend to have longer repayment terms than other bad credit loans.
If you are thinking of a title loan, start with Max Cash Title Loans! We are the #1 nationwide title loan marketplace. Our team has researched lenders across the United States and have only chosen to work with the most flexible, and reputable ones. 4 With our online title loan marketplace, we have done all the hard work of finding and researching lenders for you.
The Application Process with Max Cash Title Loans
The application process with Max Cash Title Loans is extremely simple. Here is what you can expect:
Apply—in order to get the inquiry process started, you can head online, speak to a loan agent over the phone, or online! Only a few basic pieces of information are required to apply.
Talk to A Loan Agent—once the initial inquiry process is done, a loan agent will let you know whether you are approved to move forward. At this point, they will ask for some documents and begin the search for the right lender. Once a lender is found, you can apply with them. 5
Get Funding— afterwards, sign the contract and get funds!1 2 5
Apply for the Cash You Need to Pay for Child Daycare
As businesses reopen after the pandemic, or for essential workers (healthcare workers, grocery store employees etc.) who continue to work, and are also parents, may be considering their daycare options.
When you need emergency cash to pay for child daycare–there are several options. While, for those who need some financial help, assistance programs, and non-profits organizations that help. Consider alternatives and payment options for daycare, and loan options.
If you are thinking of a title loan for emergency cash, then start with Max Cash Title Loans. Simply head to our website and apply for an online title loan or give us a call. Once approved the funds can be made available in as little as 24 hours!1 2 5 Start with an application right away.