According to a recent study in the Wall Street Journal, the average debt of a student graduating college in 2014 is $33,000. Even when accounting for inflation, this is almost double the average amount of loans taken out by students and their families 20 years ago.
The costs of higher education
At J.G. Wentworth, we hear every year from thousands of folks around the country looking to get money out of their structured settlement or annuity payments and into their hands sooner. Many of them want that money to pay for either their tuition or for the tuition of a loved one. It is a cause that is truly admirable, and one we feel privileged to help make happen.
Unfortunately, tuition is not just the only concern when it comes to the cost of higher education. There are many other costs associated with paying for college, junior college, or trade school – including the cost of housing, books, student fees, and other expenses. We encourage you to contact us to see if there’s a way we can help you with these costs as well.
How J.G. Wentworth can help
The good news is that over the last 21 years J.G. Wentworth has arranged over 50,000 structured settlement and annuity payment transactions worth over $4 billion, earning a Better Business Bureau rating of A+ in the process. A large number of these transactions were related to educational needs of all kinds, and we have a tremendous amount of skill, experience, and know-how in this specific area.
We also strongly recommend that you do not wait too long before reaching out to us. Selling future structured settlement or annuity payments for a lump sum of cash is not an overnight process. Depending on what you are trying to sell, and what state you live in, selling future settlement or annuity payments requires proper documentation, notarized signatures, and court. Generally speaking, converting structured settlement into a lump sum of cash takes between 60 and 90 days from the time send us a completed contract, and converting annuity into a lump sum of cash takes 2 to 3 weeks from the time send us a completed contract. These times vary, however, based on a situation.
Reach out to J.G. Wentworth immediately for higher education expenses
The bottom line is that the sooner you need that money, the more we urge you to contact our representatives immediately. Let’s get the money you need out of your structured settlement or annuity and into your hands sooner; let’s help you use the benefits of higher education – as so many others have in this great country of ours – to build a successful future for yourselves and your loved ones. And let’s start today.
For more information, call J.G. Wentworth anytime at 877-227-4713.