If my daughter is expecting to receive $25,000 in a settlement from a car accident, will it affect my financial aid?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If my daughter is expecting to receive $25,000 in a settlement from a car accident, will it affect my financial aid?
She is a freshman in college. Is she eligible for a structured settlement and is it a good idea?
Asked on February 10, 2013 under Personal Injury, Washington
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
The settlement money that your daughter is expecting to receive from the settlement as to a personal injury matter is not income but rather a return of capital for a loss which will have no negative effect upon financial aid considerations.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.