Extreme Debt Payoff: Monetizing Eggs and Sperm
What drives people to sell a part of themselves? Both philanthropy and a desire to pay off debt can play a role in donating eggs and sperm.
Caitlin* sat at her computer, diligently answering questions.
Hair: Blonde. Eyes: Blue. College Degree: Bachelor of Science. Activities: Theater, hockey, and knitting.
It could have just been another dating profile. After all, she was single and just out of college. But this profile went far more in-depth. It asked intrusive questions about issues like her medical history and family’s health record.
In truth, this wasn’t an ordinary profile. It was intended to attract potential parents who were having trouble conceiving. Caitlin was filling it out because she had made the decision to donate her eggs.
Two years earlier, Caitlin’s sister-in-law had tried for a year and a half to conceive, undergoing expensive and often painful procedures. It became clear that the best option was to receive a donor egg through an agency specializing in linking donors and parents in need.
Caitlin watched as her brother and sister scanned through the list of donors. They selected ones that looked closest to the sister-in-law and who had the best medical history. Intrigued, Caitlin asked a question: what do these donors get in return?
Egg and sperm donors are typically compensated for both their time and the “donation” itself.
For people like Caitlin who are looking for a bit of extra money, the commitment can be rewarding — especially when it comes to paying down debt.
The Body as the Money Maker
Caitlin was shocked to hear that a donor could make nearly $10,000 per egg donation. In contrast, the time commitment was relatively short. As an unemployed college student during the recession, she had managed to rack up over $8,000 in consumer credit card debt.
“I had made some major mistakes when it came to my finances, and I wanted to fix it fast before I had to move home or find a very low-paying job. This looked like a way for me to continue looking for a job while making money.”
The payoff, however, didn’t come quickly. After she was preselected by a local egg donor company, she had to attend several screenings both for medical and psychological reasons. About a month or two later, she then had to travel across the state to meet with the doctor who would then run his own medical and genetic testing.
Then there were lawyer’s meetings, compensation agreements, and paperwork that Caitlin estimated took another 10 to 20 hours. Then came the medicated cycle, 10 days’ worth of visits to the doctor, and the actual extraction.
Once the retrieval was confirmed a success, she received a check from the company for $7,500 within three business days.
On the flip side, Caitlin’s friend Eric* was also becoming interested in donating part of his body. After hearing from a friend that he was making roughly $100 per week at a sperm bank, Eric was intrigued. Like Caitlin, he too had recently graduated and was unemployed. The $100 a week could pay for his gas and groceries, as well as cover his student loan payments each month.
“I always thought it was something really gross… But then I started to think about what I could offer to parents who actually needed it, and I felt better about selling a part of me.”
A Part of Me
As Caitlin went through her donor process, she was frequently asked by doctors: what is your motivation for doing this? She had many conversations with counselors about having eggs out there in the world. These eggs would not be carried by her; the doctors wondered how she would handle having children down the road. But like Eric, Caitlin eventually saw that donating a part of herself as not a money-making scheme, but a way to help those who were not as fortunate to have her health.
Caitlin ended up donating twice over the span of two years. She made roughly $18,000 and paid off all her personal debt as well as some student loans with the proceeds.
Eric, on the other hand, continues to donate to this day. He does this despite having a family of his own and no debt to worry about. Both of them are hopeful that the children that may have been produced from their donations are happy, healthy, and well-loved by deserving parents.
When asked what advice Eric would give for those considering donating eggs or sperm for money, Eric answered, “Stop thinking about the payment. That’s not how you should go about it. Sure, that’s great in the end, especially if you need quick cash. But you have to do this for the greater good, too, or else it will catch up to you.”
* Names have been changed to protect privacy