Swift Truck Driving Academy

Yes, it helps, Murdock.

It sounds like what you're saying is that the driver must authorize the payroll deduction or it doesn't happen and that's going to be the problem in this scenario.

If you haven't paid the tuition payments by authorizing a payroll deduction, how much $ are we talking about that you still owe?

Ballpark?

 

Murdock,

How will they "go after" you for the tuition balance if you didn't have it deducted from your payroll?

 

You sign a loan agreement. It is the same as any loan you take out. You owe the money. Look, a great deal of people fuss and fume about Swift charging but look at it this way: if you went to another school you'd have to pay the money outright and you would NEVER get it back. With Swift, if you work for them for 26 months then you will have paid only $150 for your CDL training. Plus you'll have worked 26 months for a company that is big enough to keep running trucks when other companies are sitting idle. That's just my honest little opinion.

 

Thanks Murdock and Nana, that answers alot. What I'm getting is that the loan is close to 4K and the driver is responsible for half of that.

Is the loan agreement part of the contract or is it a separate document?

 

Wait, I don't think you're understanding. Let me explain it again.

You pay $150 outright fee and you sign a loan agreement for the $3700 (in Phoenix). For the first 13 months that you work for Swift you make a payment and Swift makes a payment so that the loan is paid off in 13 months. So you've paid in half. BUT the next 13 months Swift makes a payment to you so that by the end of that 13 months Swift has repaid the half that you paid in. This way at the end of 26 months the only thing you've paid was that original $150. It's an incentive for you to stay the 26 months. But there's another thing few know: if your spouse decides to become a driver and attend the Swift academy, they pay NOTHING in tuition if you work for Swift for 6 months after they complete their training.

Thus, I am paying nothing for my training.

 

well done....Nana.......... Even I can understand that . LOL

Swift keeps lookin better all the time.