How To Sell Payments and Get Scholarships To Cover College Costs
College is an important milestone, but recent statistics show that fewer students can afford to pursue college educations. Financial difficulties are a reality for many students, even with nearly 2 million private scholarships available. That’s why students are turning to alternative options to save for and pay for college tuition and other costs.
In 2020, some 58% of college students paid for college tuition and fees with scholarship money. Of course, that still leaves a shortfall for those students who aren’t eligible for scholarships or can’t cover the mounting costs of college with the money they get from those scholarships. That’s why it’s so important for students to understand the options to sell payments from a structured settlement with support from our team at District Settlement Finance.
What Is a Structured Settlement?
A structured settlement is a legal agreement that ensures the distribution of tax-free payments for those individuals who have been injured. Cases involving personal injury may result in a structured settlement, instead of a lump-sum settlement offer, because interest rates and tax liability make it a more advantageous option.
Even if the structured settlement made sense when the settlement was negotiated, the structure of the annuity payments might not offer the flexibility prospective students need to cover college tuition and costs. They need the money now. That’s why they may consider how to sell payments to supplement scholarships and cover other unexpected costs associated with attending college.
How Can District Settlement Finance Help You Pay for College?
At District Settlement Finance, our knowledgeable team of experts is here to help our prospective clients understand the process and how selling those payments might affect the structured settlement now and in the future. We answer all those burning questions and walk our clients through the entire process to ensure that their best interests are represented.
We even cover the processing fees and take care of the approval process to ensure the money is available as quickly as possible to cover those college costs. If there was ever any doubt about paying for college, it’s time to call us today to get a free quote. We customized each process to meet the needs of our clients, and we focus on delivering the needed college funds as quickly as possible.