Study: Day care costs exceed college tuition

August 31, 2011 8:51:52 PM PDT
If you thought college tuition was expensive, a new study reveals day care now costs even more in some places.

The National Association of Child Care Resource and Referral Agencies found that parents in most states, including California, are paying more for a year of child care than they would for a year of public university education.

In California, the average cost of infant care is $11,300. For a preschooler, it's about $7,800. The average public university tuition is $7,500.