(ARLINGTON, Va.) -- Parents of newborn children are likely dreading the prospect of sending their kids to college, figuring the cost in 2029 will be astronomical.
But they better start saving their pennies now, because day care costs are exceeding the tuition of some four-year colleges.
According to a study by the National Association of Child Care Resource & Referral Agencies, one year of infant day care exceeds the cost of public colleges in 36 states and the District of Columbia, where it's a whopping $18,200.
Putting kids in Mississippi day care centers is a relative bargain at around $4,650 annually.
Parents better start shopping around for bargains where they can find them because the cost of day care goes up every year, not down. It increased 1.9 percent on average nationally over the past year because of the rising price of food and labor.
Copyright 2011 ABC News Radio