Try the GMC range at Lowes, for $30 I bought a 1/3 HP bench drill
press.

Its nowhere near as good as my Jet floor standing drill press and it
will bog down if you try it with a large forstner bit. But it has more
power than most cordless electric drills and more than enough to make
most holes you might want to make. It is probably better than the drill
stand attachment.

It is also a lot lighter to carry about if you want to work upstairs in
the house.