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 7 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.


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