If you’ve received a structured settlement from a lawsuit then there are some things that the courts will allow you to do with that money. It’s important to make sure that you’ve paid off all of the medical bills and other costs that go along with the injury or accident that you were involved in. Of course, the court will not allow you to have access to get a structured settlement advance for just anything; but if you want to improve your life and future with an education, that is one situation that the court will let you cash out structured settlement or sell annuity payments for.
Education is getting more and more expensive, but you can use structured settlement advance funding for education. College is an important part of improving your life, but it’s harder and harder to pay for it out of your own pocket. Some of the education related expenses can be these and others:
Most colleges would encourage you to apply for student loans to cover the cost, and while these can be of benefit to many people, wouldn’t it be better to use money you already have, instead of borrowing money from someone else? Another option would be to try and save up structured settlement payments over time to be able to afford the payments every semester—but that takes a lot of time, and you may not be able to save the money if something else comes up. If you get permission to receive a lump sum of cash for your structured settlement or annuity payment, you can put that money towards putting yourself or a loved one through college.
Workers with a college degree end up making almost a million dollars more over the course of their life than those who don’t have that level of education. It’s also a good idea if you want to move into a totally different job, or if you want the skills to start your own business. Education opens a lot of doors and gives you a lot of opportunities.
So if you are interested in completing your education, getting another degree, or getting your first degree, consider the choice of cashing in some of your future structured settlement payments for a lump sum of cash through structured settlement funding. DRB Capital provides a great service to help you through the process of converting some of your future payments into cash in your hands right now. Why take out loans when you already have the money coming to you? Why not simply cash out the money you will get and put it towards what you want right now?
With these strategies, not only can you get a great education, but you won’t have to break the bank to do it! If you do find yourself needing extra money, contact DRB Capital, and we can help you work to get structured settlement advance funding or sell your annuity payments as one lump of cash. If you have any questions about how you can get a lump sum for your structured settlement, please call us at 877-894-4541.
Read more: For many of our clients at DRB Capital, getting a higher education is an important goal.