If you’re considering enrolling your troubled teen in a wilderness program, a residential treatment program, or a private school for troubled teens, your head is probably whirling with the astronomical costs. The fact is that these costs are high for a reason. Usually the costs for residential programs include medical and psychological care, group and individual therapy, uniforms, food, and board, and all that adds up pretty quickly. There’s no getting around the fact that these treatment programs are expensive, but there are a few ways to help alleviate or spread out the monthly costs of the program, allowing you to help your child in the best possible way without going bankrupt.
The best way for all concerned to eliminate some of the costs of a treatment program is through scholarships. These scholarships, however, are rare and are probably based on financial need more than anything. However, don’t be afraid to check with the top programs on your list to see if they offer any scholarships before you make your decision. Also, check around online and in your local library for scholarships that might be available through various government and charitable organizations.
Another good way to come by money you don’t have to pay back is through grants. Grants are rather like scholarships, but they are more specific. If you look hard enough, you can probably find a charitable or government organization that has a grant that could help you offset some of the costs of a treatment program for your child. The biggest problem with grants is that in order to have a chance at actually getting one, you’ll probably need to find a writer. Information about grant writers, too, can usually be found online and in your local library.
Another way to help your child without starving the rest of your family is through loans. Educational loans can be taken out from just about any bank, and the interest accrued on these loans in typically tax-deductable. You might even be able to get a subsidised government educational loan if you are sending your child to a program that is essentially a school. Often, too, families take out a home equity line of credit, which can also come with some tax deductions, or they may put some of the initial fees for a program on a credit card. These options will need to be repaid, but they’ll at least spread the cost of treatment out so that you can pay a lower monthly fee.
Additionally, check with your insurance provider, as they may cover some of the initial or ongoing treatment costs while your child is at the facility. And don’t be afraid to ask close friends and family members for financial support, as anyone who truly cares about your child will see how important it is for him or her to get the right treatment no matter what the cost. Using one or a combination of these means should help you be able to pay for the treatment program that will be of most benefit to your child.
Immobilienmakler Heidelberg Makler HeidelbergSource by Jacob Wright