You Can Use Structured Settlement Buyout Funds to Prepare for New Jobs

Structured settlement buyout funds are often used to pay for job training, in many cases allowing a person to make a better living. How do we know? We recently conducted a study to understand our clients’ reasons for selling their structured settlement payments. In 2006, 6% of our clients used the money they received to go back to school and train for a new career. After the Great Recession in 2010, the number of our clients using their structured settlement buyout money to go back to school had increased by 200%!
 
Expanding Current Skills

Many of our clients are selling their structured settlement payments to pay for skill upgrades, job re-training programs, or for changes in career paths.
 
Some clients have found great satisfaction in a field that they already have worked. Yet changing environments and highly competitive work forces often create a need for knowledge upgrades. With a little re-education, experienced professionals can put themselves on a new track in the same field. Professional associations are a great resource to learn latest trends in the industry and the best way to get retrained. Many associations offer classes and certifications or can refer you to other offerings.
 
Becoming a Jack of a Trade

Trade schools are a great resource for those changing fields or re-training within a trade. For those looking for a position where he or she is not chained to a desk, a trade school can prepare him or her for a lucrative job such as:

  • Plumber
  • Culinary Professional
  • Electrician
  • Welder
  • Automotive Technician

 
Clients can use structured settlement buyout funds to learn a trade, making a return to school feasible and accessible. We thought it would be helpful to list some of the top trade schools in some of the states our clients come from.
 

New York
DeVry University (718) 269-4303
TCI – College for Technology (212) 564-4000
New York Automotive & Diesel Institute (718) 658-0006
Everest Institute (888) 741-4270
Berkeley College (212) 986-4343
California
CHi Institute (858) 551 -6677
Westwood College (800) 281-2978
Everest College (310) 527-7105
Crimson Technical (310) 337-4444
Charter College (888) 200-9942
Texas
Virginia College (512) 371-3500
Texas School of Business (800) 989-0799
Concorde Career College (800) 464-1212
WestWood College (800) 331 – 4879
Kaplan College (800) 987-6038
Florida
Tulsa Welding School (904) 646-9353
WYOTECH (386) 255-0295
ATI Career Training Center (888) 209-8264
Lincoln College of Technology (561) 842-8324
CDA’s Maritime Welding (888) 811- 1416
Illinois
Environmental Technical Institute (708) 385-0707
Westwood College (800) 693-5411
Lincoln College (800) 569 -0556
Everest College (312) 913-1616
Universal Technical Institute (630) 529-0402

 
Preparing for New Beginnings
Changing directions entirely can be daunting. But access to money for tuition and fees through a structured settlement buyout can take some of the intimidation out of the process and allow students to concentrate more on the coursework. Online programs, community colleges, and universities offer in-depth knowledge that leads to confident graduates.
 
It helps to do a little research to ensure you are picking a fruitful career. For instance, the U.S. Department of Labor, Bureau of Labor Statistics projects that the following careers are among the fastest growing in the nation:

  • Personal Care/Home Health Aides
  • Biomedical Engineers
  • Veterinary Technicians
  • Physical Therapist Assistants
  • Event Planners
  • Sonographers
  • Occupational Therapy Assistants

 
The Real Investment

The greatest investment a person can make is not necessarily an investment in a home, a car, or financial accounts. The truth is that the best investment a person can make is in himself or herself. Sometimes, a structured settlement buyout can help.
 
Please call us if you have any questions about how to sell your structured settlement payments –
1-866-256-0088.

Published : April 26, 2013

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