Getting Creative – Take a Lesson from Sara
Sara was a college student, who was paying her tuition with payments she received from a car accident when she was younger. Now, Sara needs a new car and she wants to pay for a study abroad program in college. Her parents do not have any extra money to help her, so Sara was thinking about selling some of her structured settlement payments – in fact, it would have finished out her settlement, leaving her nothing to help get on her feet after she graduated college and looked for a job.
Not wanting to take that step unless she had to, Sara did a lot of research, and she talked to many people in her school and in online chat rooms. Sara ended up learning about a study abroad scholarship that she qualified for. And, she found that her school offered a small scholarship that she had not been taking advantage of. Then, she did some research and learned that if she had a cosigner she could get a zero interest car loan through her credit union, and she could easily afford that payment if her structure was still in place. Sara was able to finance both her plans without touching her money.