SWIFT's Tuition Reimbursement?

Let's see if I understand this correctly, per recruiter:

SWIFT academy tuition is $3900.00 1. After training, I would pay Swift 75.00 each week while they reimburse $37.50 each week, for 52 weeks. My total out of pocket after 52 weeks is $1950.00. At that time, I could move on and not owe SWIFT anything else towards tuition. I would have paid off my debt and owe nada, correct?

If so, I would think I would owe Swift $1950.00 more, for the balance?

Just a midge confused.

You have it correct. They discount the total if you give them the year. You did however miss one very important point, once you get past 1 year they will reimburse the $37.50 each week until you are at zero. Thus after 2 full years training is totally free.

If you didn't know already I am sure the old timers could point out I will recommend this if you must ever leave a company stay with your first one for a 2 year minimal. Looks a lot better on paper then one year then most insurance will let you drive for most companies if you don't know why insurance comes up the insurance controls the road. they control the companies regardless how big the carrier I don't like it the way it setup I understand it but don't like it. But that's one part on how you grease the wheels.

Whatever you do remember the contract you made sticks to your CDL don't leave before your 1 year minimal is up but do what I recommend and you just grease the wheels for your future.

If you didn't know already I am sure the old timers could point out I will recommend this if you must ever leave a company stay with your first one for a 2 year minimal. Looks a lot better on paper then one year then most insurance will let you drive for most companies if you don't know why insurance comes up the insurance controls the road. they control the companies regardless how big the carrier I don't like it the way it setup I understand it but don't like it. But that's one part on how you grease the wheels.

Whatever you do remember the contract you made sticks to your CDL don't leave before your 1 year minimal is up but do what I recommend and you just grease the wheels for your future.

Self insured companies are not "controlled" by insurance companies. I am not sure but I think the companies hiring new CDL graduates are self insured.

Bumping this...

You have it correct. They discount the total if you give them the year. You did however miss one very important point, once you get past 1 year they will reimburse the $37.50 each week until you are at zero. Thus after 2 full years training is totally free.