Archive for the ‘Truck School Financing’ Category

How to Pay for Truck Driving School

Thursday, March 25th, 2010
Trucking School Student

Truck Driver

Are you struggling to find cash to go to truck driving school?  If you are, you are not the only one.  We may have information that will help you.  A credible school will probably cost between $2,000 and $5,000 and for most people, that’s not pocket change. Getting truck driving jobs training is an important step towards a new career. Paying for it does not have to be an obstacle.

We have come up with a few ways to gather the money you need reach your dream of being a truck driver.

Federal Loans – are the least expensive loans, due to their low fixed-rate.  The Federal Government Loans is for continuing education after graduating high school.  Payment with interest begins only after finishing schooling.  Go online to FAFSA and submit a FAFSA form (Free Application for Federal Student Aid) online to see if you are eligible.

Federal Grants – are great because opposite of a loan, grants do not have to be paid back.  The beneficiary of grants may receive funding for an array of different reasons.  Some reasons are for disabilities, military, and even low income.  Check out Grants.gov to see if you are eligible.

Federal GI Bill – is great for veteran’s who have served for at least 90 days after 9/11/2001.  Those student’s who qualify, are given the funding for tuition, fees, and housing allowance.  Although a few trucking schools have the requirement of students staying in approved housing during the training.  Go to Federal GI Bill Education Benefits to find out more and if it works for you.

State Trucking Association Scholarships – are offered in quite a few states.  To see if your state Trucking Association has a scholarship for you, go online to your State Trucking Association home page.  All states have unlike criteria, so read carefully to see if you qualify.

Tuition Reimbursement – is common with bigger trucking companies with schools in place.  All you have to do is graduate from there school, and your schooling will be taken (at a low monthly rate) out of your paychecks until paid.  Every school is different, so be thorough in learning how each school’s Tuition Reimbursement Program works.

Financing
– This is where CR England Comes in. Financing is usually taken care of through a third-party financial institution.  At CR England, you don’t have to wory about a third party approving your loan. All students that enroll in a CR England truck driving school are eligible for financing. If our school is not a good fit for you, when your offered financing at another school be sure to read the terms and conditions carefully.  This includes interest rate as well as terms of payment.

We hope the informastion was helpful. CR England is one of the largest trucking companies and appreciates the jobs truck drivers do.