Financing trucking school, even indentured servitude?

You can get financial aid if you go through a community college with student loans, Pell grants, etc. Fill out a FAFSA and see what you might qualify for.

 

i went the indentured servitude route through driver solutions and have a 1 year contract with my employer and i pay them $45/week during that year. if you have another option take it. 26cpm sucks.

 

servitude it is, but yeah, comm colls do have reasonable programs

 

Why don't you use that 4 year degree to land a job in operations? No investment required and you'd be able to go home after your shift.

 

United States Truck Driving school did an in house finance deal for me. But that was about 15yrs ago....

 

Swift also starts at 26cpm. But that is only temporary. You get 4 or 5 raises in the first year and are at just over 30 cpm at 12 months. I didn't consider it to be "indentured servitude." Swift ran me through school, helped me get licensed and I worked for them for a year. I got paid for working, so it wasn't "servitude." I could take that license anywhere and work if I wanted to. Swift just wanted the money they fronted me for the school.

It is a loan, no different than any other loan. The lender expects to be paid back. It just makes it easier on you and the company you choose if you work for them.

If you take a student loan to go through the community college, you still have to pay it back. The only real difference is you see that money on your check and it crosses your hand before being given to the lender.

I paid $75/week to Swift and they turned around and reimbursed me $37.50. So I only saw $37.50 not cross my palm before being paid to the people who made my loan. At Swift, it goes like this for 13 months. At that time, your loan is paid in full. Yet, for the next 13 months, Swift continues reimbursing you $37.50/week until you have been completely reimbursed the loan you took out.

The first 13 months pays your loan off. The second 13 month period is merely an incentive to remain employed by Swift.

Basically, you have to figure out which company will work best for you. Choose wisely or you will wind up being that disgruntled ex-employee posting horror stories on these forums.

 

Roehl is 2800 for their school. If your credit score is above 635 they wil finance it. You do not have to pay it back if you work for them. You get dollar credit towards the 2800 in the miles you drive. At 120,000 miles, which you should get in a years time, you have fully paid it back with no money out of pocket. Check out their website, and if you decide to go to Roehl let me know via PM. I get money for recruiting other drivers. lol. I am testing for my cdl tomorrow. As far as I can tell at this point, its a great company and I am very happy with their cdl program. Good luck!

 

Check out Prime, no pay back if ya drive for them for a yr.
but you have to do your own research. when ya think ya found a company ya like research some more
just my .02

 

There are plenty of schools that have their own financing. The one my hubby and I both went through (at different times) does.