Korean Adoption Fees And Expenses
Fees, Descriptions and Overview
Korean Adoption Fee List
$1,500 due at contract; IAAME fee $500 due at contract; $3,000 at submission of Emigration Permission
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
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
- For personnel cost, administrative overhead and operational expenses. For orientation and guidance to the intercountry adoption process, coordinating the adoption process, assisting in filing U.S. Citizenship and Immigration Services (CIS) applications, compile and present dossier to ESWS, providing pre and post-placement support. Also includes IAMME fee for monitoring and oversight of adoption service providers. ($2,000 due at contract; $3,000 at submission of EP).
- Program Coordination
- For program sponsorship and development; 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 for immigration approval; filing the documents in Korea for court approval and emigration permission, establishing the itineraries while the family is abroad for the adoption hearing, the placement of the child and the child’s travel visa. ($2,500 due at home study approval; $1,500 due at acceptance; and $2,500 due at submission of Emigration Permission).
- Foreign Agency Fee and Donation
- For child care expenses prior to the adoption, 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, (due at acceptance)
- USCIS Expenses
- I-600A filing fee – Fingerprints for every adult in home.
- Psychological Evaluation
- Required for home study.
- Parent Education Workshops
- On-line workshops with Adoption Learning Partners.
- Travel and Overseas Expenses
- Est. expenses for air travel, hotel, meals, finalization and visa.
- New Beginnings Home Study
- If you live in NY, NJ, PA or FL. Gathering and reviewing supporting documents, home visits and drafting report; and country specific workshop, (families in our service are, due at contract).
- Post-Adoption Services
- Post-adoption supervision, translations and filing reports in Korea. Minimum four reports are needed, (families in our service area, due at submission of EP).
The Costs Of International Adoption
International adoption can be expensive, but assistance is available. There are many organizations and foundations that provide grants and loans to 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 $13,570
When comparing cost, New Beginnings has one of the least expensive Thai and China programs and our fees are very competitive for the Korea Program. For families that are looking for Primary Provider Services, agencies present and package their fee in different ways. Comparing expenses between agencies can be complicated.
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. A grand total is provided that may look higher but rarely is. We feel that our families should know what to budget and not be lost in a complicated disclosure guessing what fees apply to them. If you want more information on a particular program, contact New Beginnings and ask for a Sample Contract.
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