Daily Wisdom: Think College is Expensive? Try Day Care

According to the Washington Post, the annual cost for day care in 31 states is higher than the cost of a year of tuition and fees at in-state college:

A report last fall by Child Care Aware America, a national organization of child-care resource and referral agencies, found that the annual cost of day care for an infant exceeds the average cost of in-state tuition and fees at public colleges in 31 states. The biggest gap is in New York, where day care will set you back nearly 15 grand, but in-state college tuition is only $6,500 — a difference of over $8,000. Massachusetts, Maryland, Colorado and Oregon also have large gaps, driven primarily by the high cost of day care in those states. At the other end of the spectrum is South Carolina, where in-state tuition is higher than the cost of day care by about $4,000 a year.