Will company sponsored driving schools fade into the sunset?

Too many people bailing/getting fired and then not able to pay back 1,000's in tuition?
It's like if a bank gave home loans to people they knew couldn't make the monthly payments.. but that would be silly

 

Are you kidding?

These schools are just like a lease/fleece program.
There's money in them thar hills!
These bottom feeder companies don't need to haul freight, they have these people keeping them in big houses and expensive cars and vacations in foreign countries!

 

They can sell the debt off to collection companies and still make money .

 

Just like everything else in life that's a SHAM these schools will disappear because they don't work, are overpriced and the return is dismal.

 

The return is not at the school, the school is a write off (literally)(might even be subsidized). The return is on the bottom line when they take advantage of newbies, paying them substandard wages and keeping them prisoners in a leased truck. It doesn't cost them a dime to park a paid for truck with unpaid drivers to wait for freight.
As long at there is a steady stream of hungry wheel holders to replace the burnouts the scheme is self supporting. When (if) freight gets better this places them in an excellent position to further profit, short term gains is the only goal.

 

I'd be willing to bet so many trucking company owners are wondering what happened to this biz?...........................They know! It was called Deregulation.