Did you know that most people who enter a college or university today will leave with some sort of debt? In fact, the average amount of money those students will owe after they leave college is over $25,000. No matter what the economy is like – good or bad – college tuition costs have continued to rise. Since 2000, public tuition grew at an average 5.6% above inflation. That’s higher than it has ever been before, and costs don’t appear to be going down anytime soon. That means college graduates will continue to leave college with more debt and fewer opportunities.
If you’re worried about how you’re going to pay for your children’s or your own college education, you may want to consider selling all or a portion of your structured settlement payment. A structured settlement is a good long term solution to managing your finances, but there are times when you may need additional help sooner. A tuition bill could certainly be one of those times. In this tough economy, a college degree is more important than ever to obtain a well-paying job and accomplish your career goals. You shouldn’t have to go into deep debt to live out your dreams.
If you’re struggling to come up with a payment plan for college tuition and receive structured settlement payments, contact a JG Wentworth representative today. We have helped thousands pay off their college tuition, medical bills, and other life events that might require more than a structured settlement payment.