For Emily Smith-Lee, 38, an attorney from Sharon, MA, the limited hours of most afterschool programs didn't fit with her work schedule. "I needed the flexibility of an at-home caregiver for my two kids," Emily says. Luckily, a neighbor with two similar-aged children felt the same way. "Once we decided to do something together, it was a no-brainer." The four grade schoolers now share a part-time nanny—all for about $300 per family per week.

Because of the needs of parents like Smith-Lee, afterschool options are more flexible and diverse than ever. Many have become full-service outlets with innovative classes like fencing and digital moviemaking, in addition to homework help. Tutoring companies such as Kumon Math & Reading Centers offer academic enrichment classes. And more programs are including older children.

To find what best suits your family's needs:  

Consider alternatives. If a full day of school is enough structured time for your child, afternoons in a homey environment with a sitter may be the better choice. If your child could use some extra time with peers, though, a program or class can help build friendships. Or consider a combo of the two.

Be practical. Hiring a high school student for $5 an hour to take your child to a dance lesson, wait and take her home might be the way to go. Or find a child-care program like KinderCare that will shuttle children from school.  

Compare prices. Nannies and sitters offer the best in flexibility for parents and freedom for kids, but they can also be the most expensive option, ranging from around $12 to $17 per hour. Fees for afterschool programs vary and can run $6 to $8 an hour.    

Surprising, Affordable Afterschool Options

How to Find It: Call your  public library
What it costs: Normally free 
Pros: Homework help and computer time. Best for older kids.
Cons: No transportation from school, and may not offer snacks. Librarians can't closely supervise.

How to Find It:  Check local college programs
What it costs:   May be free or have sliding-scale fees
Pros: A range of activities that may include arts and crafts, music and cooking, plus tutoring.   
Cons: Often open only to elementary school students, if your community has a program at all.

How to Find It: Look in the yellow Pages under "parks  and recreation."
What it costs:  Typically low-cost or even free
Pros:  Gets kids up and moving and outside. May provide snacks and transportation from school. Cons May be canceled at the last minute if there is a minimum enrollment requirement.       

How to Find It: Stop by your local  senior citizen center
What it costs: $5 to $7 or more per hour 
Pros: Grandparents-for-hire often have experience raising children.  
Cons: Kids can feel left out if friends are in traditional afterschool.