Daycare More Expensive Than College in New York, Study Finds

Daycare More Expensive Than College in New York, Study Finds

Parents in New York may be dipping into college savings for their kids much earlier. They may have to use the savings to pay for daycare before that child even heads to elementary school.

A study recently released by the Economic Policy Institute reported that New York is one of 33 states where infant care is more expensive per year than in-state tuition for a 4-year public college.

New York is ranked fourth out of 50 states and the District of Columbia for most expensive infant care.

RELATED: Long Island is 2nd Most Expensive Place in U.S. to Raise a Family

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