One of the most important things to consider when choosing a truck driving school is how you are going to pay the tuition. While some students prefer to pay cash, different types of financial aid are available. This includes loans and other financial assistance such as VA benefits. However, one thing that students often overlook but should consider is tuition reimbursement.
What is Tuition Reimbursement?
Loosely defined, tuition reimbursement means that you will be paid back some or all of the money you paid for CDL training. You will need to pay for the training up front, but through reimbursement, you will get that money back.
Who Pays the Reimbursement?
United States Truck Driving School partners with different companies that will reimburse different amounts of your tuition. Depending on the company, you can be reimbursed up to 100% of the tuition you paid for CDL training.
What’s the Catch?
Typically, you will be contracted to work for a full year for the company that is reimbursing your tuition. Also, you will need to find a way to pay for training up front either through loans or cash out-of-pocket.
What are the Benefits?
One way or another, your CDL training will need to be paid for. Whether you pay out of pocket or take out a loan to cover the costs. Through tuition reimbursement programs, you get that money back. That ultimately lowers (if not completely eliminates) the cost of your training. If you take out a loan for your CDL, you can use this money to pay back your loans immediately. This saves you money because you will be avoiding the buildup of interest on the loan.
Companies who employ commercial drivers understand the benefits of having a well-qualified, fully trained drivers.