160 Driving Academy

Topic 17924 | Page 2

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Errol V.'s Comment
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Right, a contract in return for the training is something I am expecting. But, for example, swift will train you, contract you, and then take part of your pay to pay back the training. That's what I'm afraid they aren't telling me.

BTW, Swift does make that deduction, but they also pay you back at the same time. After 13 months, you are actually out of pocket $1950 for your tuition. And if you continue the next 13 months, it's all paid back.

Truckin Along With Kearse's Comment
member avatar

Right, a contract in return for the training is something I am expecting. But, for example, swift will train you, contract you, and then take part of your pay to pay back the training. That's what I'm afraid they aren't telling me.

If you ask, they will tell you. Each company does it differently. My company took nothing unless I left before my one year. So yeah in essence.it was free cause you should stay at your first company a year anyway. However unlike other companies I was required to pay for my chains, load locks, trailer locks. But they are.mine. I can take them with me.later or sell them.

Be sure to get emailed answers in writing. Many people call to get answers but the person can say anything they want. Get it in writing so they can't say you misunderstood.

Remy E.'s Comment
member avatar

Errol, are you saying that the contract is for 13 months but in order to pay it back in full it would take 26 months?

Old School's Comment
member avatar
Errol, are you saying that the contract is for 13 months but in order to pay it back in full it would take 26 months?

What he's saying is that it will be paid back in 13 months, but it is free if you stay 26 months.

LDRSHIP's Comment
member avatar

The contract you sign with Swift has payments deducted for the length of the contract. Once your contract is up, they will beginning paying you back what you paid for training. You are not under contract at this point. It acts more like getting school repayment a lot of companies offer if you went to a private school for your CDL.

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.
G-Town's Comment
member avatar

Patrick wrote:

The contract you sign with Swift has payments deducted for the length of the contract. Once your contract is up, they will beginning paying you back what you paid for training. You are not under contract at this point. It acts more like getting school repayment a lot of companies offer if you went to a private school for your CDL.

This is correct.

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
member avatar

I thought Swift's deal was: you make 13 payments in this 13 months. But at the same time, SWIFT pays you back, but those payments go for 26 months. So, after the first 13, you still owe $1950 (like, if I pay you $10, but at the same time you pay me $5, so I'm only out five bucks)

Then for the second 13 months, Swift is still paying you, and essentially pays you the $1950 back.

The exact details are buried on this forum. As a Veteran, I got the Vet's scholarship and didn't have to deal with this.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Tractor Man's Comment
member avatar

Swift Tuition reimbursement goes like this. $3900.00 tuition. No money down. $37.50 per week payroll deduction for 52 weeks. $1950.00. Swift matches your weekly payment. $3900.00 paid in full after 1 year. School cost you $1950.00. Stick around another year and they put an additional $37.50 per week on your check. After 2 years school was free. Hope that clarifies it for you. Good luck!

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Tractor Man's Comment
member avatar

Sorry. 13 months not 12.

G-Town's Comment
member avatar

I thought Swift's deal was: you make 13 payments in this 13 months. But at the same time, SWIFT pays you back, but those payments go for 26 months. So, after the first 13, you still owe $1950 (like, if I pay you $10, but at the same time you pay me $5, so I'm only out five bucks)

Then for the second 13 months, Swift is still paying you, and essentially pays you the $1950 back.

The exact details are buried on this forum. As a Veteran, I got the Vet's scholarship and didn't have to deal with this.

Sorry Errol, yes, I reread Patrick's reply. Your explanation is accurate. My apology.

13 mos paid sum of $1950, then the next 13 mos of reimbursing the $1950 paid netting to zero after 26 months.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
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