MASSACHUSETTS — Parents in the Bay State may be dipping into college savings for their kids much earlier. They may have to use the savings to pay for daycare before that child even heads to elementary school.

A study recently released by the Economic Policy Institute reported that Massachusetts is one of 33 states where infant care is more expensive than college, and is ranked second-most costly in the country.

The report found that the average annual cost of infant care in the Bay State is $17,062, which breaks down to $1,422 per month, and child care for a 4-year-old costs $12,781, or $1,065 per month.