when she was 13 she was a passenger in a van that got t-boned.

long story short she was awarded a 25k settlement only available upon 18th birthday.

at the time it made sense to choose the annual payment option as we wanted her to use it for college not on a sports car or purses.

she turns 18 next august and now we are kicking ourselves for not doing lump sum because the way the payments are structured, they won't cover the cost of education.

is there a way to change this before or after her 18th birthday?

btw......yes I've seen the JG Wentworth commercials....I wanted some real advice though.

Just throwing this out there, but could you use the settlement as collateral on a bank loan?

What are the payments on the structured settlement?

Today, interest rates are so low, a structured settlement isn't worth much.  Seven years ago, it may have been a good deal for you.

they're only ever good for the folks paying them, not the payee, especially with a relatively small amount.