Who Backs The Financing For The Swift Sponsored Student Training? Is This A Federal Student Loan?

Topic 18783 | Page 1

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Jm's Comment
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I will be attending TDA1 in Fontana under the Swift Sponsored Student CDL A program. I am concerned about how a "student loan" is established. The Student Loan Department is closed right now. Maybe someone on here can answer that question. Is Swift taking out a Federal Student Loan on my behalf and calling it "company sponsored"? Is this a FAFSA type of student loan? Is this purely a private loan financed by Swift and they referred to the loan as a "student loan"? This is actually really important to me and I need to know how they finance the loan. If anyone has any information regarding my questions, I greatly appreciate your assistance.

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.
Errol V.'s Comment
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I believe Swift is self-financed. I signed their tuition contract, which did not involve any Student Loan type paperwork.

Jm's Comment
member avatar

I believe Swift is self-financed. I signed their tuition contract, which did not involve any Student Loan type paperwork.

Thank you! Big help and a weight lifted off my shoulders.

G-Town's Comment
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I believe Swift is self-financed. I signed their tuition contract, which did not involve any Student Loan type paperwork.

Ditto for me.

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