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:
- Culinary Professional
- 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.
|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|
|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|
|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|
|Tulsa Welding School||(904) 646-9353|
|ATI Career Training Center||(888) 209-8264|
|Lincoln College of Technology||(561) 842-8324|
|CDA’s Maritime Welding||(888) 811- 1416|
|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
- 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 –