160 Driving Academy

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.

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.

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?

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.

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.

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.

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.

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!

Sorry. 13 months not 12.

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.