Cash issue for school
#11
Rookie
Join Date: Feb 2007
Posts: 16
I just got out of school and I know alot of my fellow students put their tuition on credit cards. You gotta take a hit to get somewhere sometimes. Alot of companies LOVE students. Some will hire ONLY students and will pay you back for every dime you spent on tuition !!!! It's your best interest to go to SCHOOL. I loved it and will recommend it to anyone interested in learning how to drive that many lug nuts.
#12
Member
Join Date: Mar 2007
Location: Lenexa, KS
Posts: 63
Yeah, I'm toying with paying for the schooling myself, I just haven't been able to find any good schools locally. I figure if the company is good I don't mind doing a year otr since I need that anyway to get a good local job round these parts.
Plus...I'm kind of a homebody so am considering that Roehl 7/3-7/4 program. I just hope the other 2 drivers aren't complete pigs. :wink:
#13
Senior Board Member
Join Date: Feb 2005
Location: Kansas City, MO
Posts: 1,147
Originally Posted by NevadaJim
Originally Posted by kc0iv
Originally Posted by GTR SILVER
put it on a credit card................and pay it of in a year!
kc0iv http://www.bankrate.com/brm/news/cc/20020430a.asp http://www.nasafcu.com/l2.aspx?ci=431 http://www.mdmproofing.com/iym/artic...arbitrage.html http://www.bargaineering.com/article...-interest.html http://www.oag.state.md.us/Consumer/edge118.htm kc0iv
#14
Board Regular
Join Date: Jul 2006
Location: Las Vegas
Posts: 251
Originally Posted by groovemachine
Wouldn't you still pay the 75 bucks for the balance xfer fee? Regardless, that would be really cheap interest...not a bad idea! :wink:
#15
Originally Posted by nightbright1
I found a school for $3,000 but I only have $3,300 to my name.
Do I pay for school and hope I get hired with only $300 left over or do I go work for Schneider or Millis and get free schooling and start working with $3,300 safe in the bank?? ![]() However, if you do that, DON'T tell your trainer about it, unless you fell like giving out loans until it's gone. I know their are a few good trainers out their. When I went with Schneider, I got a real scumbag. I got in his truck, which smelled like urine, and got out after a week. Refused to climb back, and requested another truck. That's another story by itself. Otherwise, I have heard really good things about their trainers, so I would go that route. Or you could go with a school loan. Talk with your bank about a goverment secured school loan. They will talk with the school, and see if they and you qualify. Just my .02 cents.
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#17
Rookie
Join Date: Oct 2006
Location: Fort Worth, Texas
Posts: 44
Looking around to start, I was in a similar situation. The local Community College just started offering a course to a Cdl. But can't do this due to the cost and the course time (still got a family to support).
So my answer was one of the training companies. Swift wanted a "seating fee" of $125 for their class (training at a local Community College). Plus deductions then adding an amount to your weekly pay. Overall, a two year commitment to be free and clear. Big Orange, Schnieder, required no money upfront. Training at THEIR academy in Dallas (in my case), plus room and meals furnished. No payback of any type. However, there is (for Dallas) a commitment of 18 months to be free and clear. If you leave before (or get fired) then you will pay for the schooling. Pay during training on the road is $350 per week. This seems to me the best for my situation. 8) Right now, I have my DOT physical on Thursday, then on to the academy for two weeks. Then I are a Pumpkin Driver !!
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Sometimes you're the windshield...and sometimes you're the bug.
#18
Board Regular
Join Date: Jul 2006
Location: Las Vegas
Posts: 251
Originally Posted by El Segundo
Looking around to start, I was in a similar situation. The local Community College just started offering a course to a Cdl. But can't do this due to the cost and the course time (still got a family to support).
So my answer was one of the training companies. Swift wanted a "seating fee" of $125 for their class (training at a local Community College). Plus deductions then adding an amount to your weekly pay. Overall, a two year commitment to be free and clear. Big Orange, Schnieder, required no money upfront. Training at THEIR academy in Dallas (in my case), plus room and meals furnished. No payback of any type. However, there is (for Dallas) a commitment of 18 months to be free and clear. If you leave before (or get fired) then you will pay for the schooling. Pay during training on the road is $350 per week. This seems to me the best for my situation. 8) Right now, I have my DOT physical on Thursday, then on to the academy for two weeks. Then I are a Pumpkin Driver !!
#19
Member
Join Date: Mar 2007
Location: Lenexa, KS
Posts: 63
Originally Posted by NevadaJim
With some, yes. The way to approach it is to take whatever your company is paying in tuition reimbursement and match it. For instance, if the company is reimbursing you 150 a month, make a 300 dollar payment each month. The cost, depending on the tuition, could easily be paid off in a year. And, if it did run a few months past 12 you'd only be paying the higher rate on a few hundred versus a few thousand. Just an idea for those that are fairly disciplined with their money matters. Excellent advice. I'm thinking of paying up front on a cc for the Roehl tuition, xferring to my other card which usually is offering a 4.99 or lower apr for the life of the loan on a balance xfer. I could pull the 300 or 400/month payment on the card especially if I don't renew my lease with Ford Credit that will be up in may. Brilliant :!: arty:
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