Question about financing CDL training

Discussion in 'Trucking Schools and CDL Training Forum' started by ACH, Aug 14, 2017.

  1. ACH

    ACH Bobtail Member

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    Aug 14, 2017
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    If I want to go to a CDL school, what are the options for financing?

    As best as I can tell, my options look like:

    1) Go to an accredited school and get federal financial aid.
    2) Foot the money upfront and hope for a job.

    The CDL schools I've looked at don't seem to accept payment plans. Is this something I should expect from the industry, or have I looked at bad schools?
     
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  3. pattyj

    pattyj Road Train Member

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    If you have the money then pay the school up front otherwise apply for a student loan but you need to have good credit to get qualified..Far as a job,trucking companies are a dime a dozen you'll find a company.
     
  4. buddyd157

    buddyd157 Road Train Member

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    you can either get a personal loan at your bank or credit union, check APR's

    you can get a federal student loan, check the APR's as well.

    maybe they don;t want a "pay as you go" type deal, cuz they been burnt by non-payee's?
     
    ACH Thanks this.
  5. UsualSuspect

    UsualSuspect Road Train Member

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    Are you unemployed or underemployed? Do a search for your state, WIOA, there may be some Fed funds to pay for it. You can get a student loan, but I would not go that route. If I had to choose loan or company paid/contract, I would rather sign the contract, do the year, and then see where you want to work. It will take you much longer to pay off a loan, and there is always interest.
     
    ACH Thanks this.
  6. Skater

    Skater Bobtail Member

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    Atlanta, GA
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    Fill out a FAFSA application. Federal student loan. That's what I did years ago. Only cost me $180 out of pocket for a 3 month course. Well worth it.
     
  7. Dkalis

    Dkalis Light Load Member

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    Aug 6, 2017
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    Dude don't go to a bank and get a loan that's the most insanely garbage thought process.

    Just fill out a FAFSA application even if they offer you a crazy loan amount which they will just take what you need for whatever school. Whatever trucking company you go with more than likely has a tuition reimbursement plan that will give u the cash back over a few months. You can also get the loan forgiven pretty easily so u don't have to pay it back.

    Every state except maybe Alaska has their own free funding also through a college. These colleges actually teach you proper for the most part.

    The best thing honestly you can do is join the Army or Marines (Marines if your fit) just go has a reservists and apply has a 88m in army or motor t ###### operator in Marines. Then go to a trucking school. Us military dudes get free everything including school and whatever job training.

    If you drive trucks in the military you also get a CDL handed to you through most state transportation departments. Has a reservist u get to tell people your a bada.ss one weekend a month rest of time your on the road making paper. Best part you getting two paychecks one from uncle Sammy and another from your trucking company.
     
    Last edited: Aug 18, 2017
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