Korean Adoption Fees And Expenses
Fees, Descriptions and Overview
Korean Adoption Fee List
New Beginnings Fee
$1,500 due at contract; $3,000 at submission of Emigration Permission
Due at contract
Total Agency Fees: $5,350
Korean Program Fee
$2,500 due at home study approval; $1,500 due at acceptance of referral; and $2,500 due at submission of EP
Foreign Agency Fee and Donation
Due at acceptance
Total Program Fees: $26,000
Third Party Fees and Expenses
|Psychological Evaluation||$700 to $1,000|
|Parent Education Workshops||$150|
|Travel and Overseas Expenses||$6,000 to $9,000|
Total: $7,795 to $11,095
New Beginnings’ Social Services
Due at contract
Due at submission of EP
Korean Adoption Fees and Expenses Summary
|Korean Program Fees||$26,000|
|Total Adoption Fees||$31,350|
|Third Party and Other Expenses||$7,795 to $11,095|
|New Beginning’s Home Study Services||$3,400|
|Final Adoption Cost||$42,545 to $45,845|
Korean Adoption Fee Descriptions
- Application Fee
- Assessment of prospective adoptive parent(s) and assuring basic program requirements.
- New Beginnings’ Fee
- Adoption expenses in U.S. to establish a service plan and ensure all adoption services are provided and consistent with applicable laws and regulations. Agency fees are for personnel cost, staff training and development, administrative overhead, and operational expenses. Also, for coordinating the adoption process, including conducting or supervising home study services, parent education includes child-specific education, assisting in filing U.S. Citizenship and Immigration Services (CIS) applications, pre-and post-adoption support.
- Program Coordination
- Foreign country program expenses for program development; monitor and oversight, training, including working with ESWS to identify a child and arranging for an adoption; receiving a referral of a child that includes the Child’s Background Study; securing the child’s legal information to present to USCIS; establishing the itineraries while the family is abroad for the adoption hearing, the placement of the child and the child’s travel visa, (5,500); Documents and Translations, compiling and presenting the dossier to ESWS to be filing in Korea for court approval and emigration permission. (1,000).
- Pass through to Intercountry Adoption Accreditation and Maintenance Entity, Inc. for monitoring and oversight of adoption service providers. The price is 500 per child to be adopted.
- Foreign Agency Fee and Donation
- Pass through to ESWS: Childcare before the adoption, (10,400); Foreign Country Program such as identifying a child available for adoption, securing the necessary terminate parental rights, providing the background study on the child, arranging for the finalization of the adoption and the immigration of the child, (7,900); and Documents and Translation, (1,200)
The Costs of International Adoption
IInternational adoption can be expensive, but assistance is available. There are organizations and foundations that provide grants and loans to help families adopting. There are many options available for financial assistance. For a list of organizations that provide assistance for international adoption, click here. In addition, the adoption tax credit is a big benefit and is available to most families. This can be a savings of over $13,750
Comparing expenses between agencies can be complicated. When comparing cost, New Beginnings has one of the least expensive Morocco, Thai and China programs and our fees are very competitive for the Korea Program.
New Beginnings fees are presented in a straight forward, simple fashion. We include fees for the home study, post-adoption, the agency and the foreign organization. Also include are incidental fee that are paid to third parties in the adoption process. To see a Sample Adoption Servcie Agreement, click here. If you want more information on a particular program, contact New Beginnings and ask for the Adoption Service Agreement for your porgram.
Budgeting For International Adoption
When you’ve made the decision to adopt, it makes sense to put together a financial plan before you begin the process. Adoptions come with the standard agency, legal and home study fees, but for international adoptions, there are additional travel, visa expenses and a fee to the foreign agency to consider.
Here are a few tips on how to plan and prepare for these expenses