Swift Academy Repayment?

The way I read it:

You're on the hook for $8k. $100/week is taken off the amount the first year, but they reimburse you $50%. Week 53 sees the remaining $2800 come off the bill, and they reimburse you the $2800 at the same time... so in one year: You pay $5200. Swift gives you $2600 of that. Then on week 53, you pay $2800, they pay you for it. This takes care of the $8k.

Now, in the second year, you get a reimbursement of $50/week... meaning if you stay 2 years (104 weeks total), the remaining $2600 you paid in is returned to you.

Now if you quit before any of these take effect: Weeks 1-52, subtract $100 from $8,000 for each complete week of employment. So week 26 would find you owing $5400 while week 52 would have you owing $2800. Week 53 would have you owing $0... but foregoing the reimbursement of the $2600 you paid in.

That's about as simple as I can break that down.



As for your other concern, it costs a LOT of money to find, recruit, train, and on-board a driver. It is in their best interest to retain the drivers as long as they can, and that's why they structure the payback to where you really want to make it 53 weeks and still have a reason to stay another year. That last $2,600 is a lot less than they will have to invest to find your replacement, as is the initial $5,400. The bigger the carrier, the bigger the advertising and recruiting budget. I would not be surprised to hear of Swift having a $50 million advertising and recruiting budget.

 

Are you still with Swift now? This answered a lot of my questions about the company culture I would have had. I am getting back into driving after a long absence and taking a very serious look at their flatbed division. I am supposed to have a phone interview with them for a pre-hire in a few moments actually. If i get a pre-hire and you are still with them I would love to pm you a bit to get some more insights. I am going through a private school so not too worried about the contracted school timeframe bit, more along the lines of home time, average pay not the top 10% every recruiter is required to boast about, maintenance/found defects on pre-trip etc.

 

I believe he is still with them.

 

I have a question. My stepson was fired by swift during his cdl training and I'm wondering if we are still liable for his tuition?

 

Did he complete the school and receive a CDL?

 

Quick question.... My stepson was fired from swift during the training process . Do we still owe for the tuition? Originally they said we owed $8000, since then it has gone to a collection agency and now we owe $11,868 . Is there anyway to fight this amount?

 

Maybe, why was he fired

 

He got into an accident right after he got his CDL. I really don't know the details because he doesn't like me. The only reason I'm trying to fight this is because my husband was going to pay the $11868 and I flipped out . So before my husband pays the collection agency I'm trying to learn as much.

 

He got his CDL but he was still in training when he git fired.

 

Positive he still owes the money then. What he should do is get a credit card and pay off the debt with that. Then throw the credit card away so he doesn't charge anything else on it. Other drivers do it this way. $11868 is a lot of money for most of us.
Has he found another job yet?
How bad was the wreck, any injuries?