The high tuition of a college education is a financial obstacle for many families. While student loans may seem like the temporary answer to paying for education costs, in the long run loans contribute to much more debt.
Have you found the process of deferments equally troublesome with the ensuing costs in late charges, penalties and increased interest?
How does structured settlement pay tuition in a more financially smart way? The process involves taking advantage of current assets to avoid debt and higher interests from loans. Selling a structured settlement opens up cash allowing a student to pay down tuition at the time they are admitted into their school.
Education costs continue to soar. In 2011, graduating seniors owed an average of $25,250 in student loans. In 2013, they owed an average of $35,200 in student loans.
How does a structured settlement sale work for incoming college students? The sale allows for an “advance” on assets that avoids interest, since it’s not a debt. Instead, the structured settlement takes equity out of an asset and uses the equity to pay for tuition upfront.
Do you have a question about our structured settlements used for college tuition payments? Contact one of our representatives today by calling 1-855-804-FUND (3863) or use the form below: