Just How Expensive are Octuplets?

By Elizabeth Fairchild, your financial news source

Children aren’t cheap

Nadya Suleman

Nadya Suleman

Nadya Suleman has quickly skyrocketed to fame after she gave birth to octuplets. Adding to the shock value is the fact that she already has six children.

Everyone knows children are expensive. Suleman created a web site asking for cash donations to help raise them. But a few payday-loan-sized donations aren’t going to go very far.

Expensive conception

Suleman underwent in vitro fertilization to conceive all of her children. IVF costs about $15,000 per egg, so  for all 14 of her children, Suleman must have paid somewhere in the neighborhood of $105,000.

Special delivery

Delivering one baby costs between $8,000 and $15,000. Dr. Nancy Snyderman, NBC’s chief medical officer, says delivering Suleman’s eight babies probably cost between $1.5 and $3 million. Suleman won’t have to pay for this herself, though. Kaiser Permanente Hospital has asked California’s Medi-Cal program to pay it. So the taxpayers of California will be splitting this hospital bill.

Higher education

Suleman already owes $50,000 for student loans. However, she still plans to go back to California State University to finish her master’s degree. And that’s only for her own education. If she spends $50,000 on each of her14  kids for college, the total will be $700,000.  However, the cost of education is bound to rise quite a bit in the next 18 years. Her only choice may be to turn her life into a reality show. But even that might not be enough.

Odds and ends

Small, everyday expenses get big very quickly when you need eight of everything. She will probably be spending about $800 per month on diapers for a while. If she buys all eight babies pacifiers for $3 each, that will cost $24. If she wants to take her babies somewhere all at once, she will need car seats. If she spends $80 on each one, that’s $640. Toss in the cost of a 15-seat vehicle, and you’re looking at a high cost for family outings.

Previous Article

« Collecting Debt from the Dead

It seems odd that people who are not legally obligated to pay off a deceased family member's debt would do so, but often they do. READ MORE ... Have they come for his credit card payment?
Next Article

Kentucky Committee Passes New Payday Loan Policies »

A senate committee in Kentucky passed a bill Friday that requires the state to keep a database documenting all outstanding payday loans. READ MORE ... Ken flag

Enter your email address:

Email Delivery by FeedBurner

Discussion of Just How Expensive are Octuplets?

Comments are closed.

Other recent posts by Elizabeth Fairchild

10 reasons people are walking away from mortgages

Some people are so fed up with the housing market that they're willing to allow their mortgages to go into default and walk away from their property...
mortgages

Rock on the Range 2010 lineup confirmed

The full Rock on the Range 2010 lineup has been announced, and I've got the goods. Layaway tickets are available on sale today...
Rock on the Range 2010 lineup

The Chillow Pillow | A gift for Valentine’s Day?

Could the Chillow Pillow be a great Valentine's Day gift and the end of a long-running disagreement? Is it worth $25 to find out?
Chillow Pillow, Valentine's Day