How to Pay for Your Truck Driving School
By Laura Fitzpatrick
An education at a truck driving school can be a great investment to put you on the track of a high-paying and fast-growing career. Their relatively low price tags (compared to other education) and short timeframes make them a good option if you’re looking for a quick career change into a field with consistent salary growth.
Although these programs are comparatively affordable—generally under $8,000—they still often require a significant payment up-front.
Workforce Innovation and Opportunity Act
The Workforce Innovation and Opportunity Act (WIOA) and Trade Adjustment Assistance (TAA) are government-sponsored programs that provide grants and scholarships for certain technical training schools. You may be able to cover partial or full tuition for your CDL program through these.
You’ll need to contact your specific truck driving school to learn if they offer assistance through these programs.
In the Commercial Truck Driving field, employer reimbursement programs are fairly common. How it works is: once you graduate from your CDL program, your future employer pays for your tuition in exchange for an employment contract. Generally, these contracts require a commitment 1-2 years of employment from you in exchange for the full tuition.
These can be a great way to cover the cost of your CDL program, but you’ll want to make sure you read the contract carefully! In some cases, if you stop working for the employer before the contract expires, you’ll be required to pay back the full amount of your tuition.
If you’re interested in taking advantage of this payment option, check with your school to see which companies they partner with.
Some CDL training schools will offer payment plans, so you can pay the total tuition amount over a few months. It may be easier to pay these installments rather than the total tuition up-front, but the monthly payments on these plans can still be quite large and a lot to manage while you’re looking for work after your program.
Veteran Benefits—GI Bill
If you’re eligible, the GI Bill may be able to cover your full tuition. Apply on the VA website or ask your school for more information about qualification!
“GI Bill®” is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official US government website at www.benefits.va.gov/gibill.
At Climb Credit, we offer affordable student loans for programs at our partner schools that have passed our return-on-investment (ROI) evaluation. This is a good option if you don’t want to commit to a specific employer or pay a large amount of money up-front. With us, you’re able to make smaller monthly payments for a few years. If you decide you want to pay your loan balance early, you can do so at any time without a prepayment penalty. We offer fixed-rate loans for multiple CDL programs!
Check out some Climb Partner Schools below:
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Schools do not endorse loans originated by Climb InvestCo, LLC, and Climb InvestCo, LLC is not affiliated with any school.