Trucking Schools COVID

How Trucking Schools Have Adjusted to COVID-19

By Jazmyn Carrington

Since the hit of COVID-19, school owners have been forced to deal with the uncertain reality and future of their students. Truck driving programs are among the industries most heavily affected, even despite the increasing demand for transportation drivers.

Due to the stay-at-home orders across the nation, state driver licensing agencies (SDLA) in almost two dozen states shut their doors — barring prospective truck drivers from not only being able to receive their permit to train, but to also test for their Commercial Drivers License (CDL). Many students found themselves nearing graduation and unsure how long it would take before they could receive their license and start looking for employment.

Not soon after, the Federal Motor Carrier Safety Administration (FMSCA) announced that they will be administering a waiver that allows examiners to conduct the CDL skills test without physically being in the truck.

Truck driving programs have had to pivot operations to ensure safety measures are met, including limiting the number of students per class, equipping every driver with hand sanitizer and gloves, and strictly enforcing safety guidelines when training for their permit. Some schools set up the curriculum to be online when the student is studying the permit part of their instruction. Others have utilized technology to offer a driving simulator that closely mimics the practical portion of the road test during the student’s theory portion of the exam.

As I talked to one truck driving company with over fifty locations nationwide, they claimed to have seen a surge of student applications and enrollment since the pandemic began. One of the factors to which they attribute this increase in student enrollment is the rise in unemployment — which has impacted millions of Americans since March. The surge of applications may show no sign of slowing down, especially as the demand for truck drivers will continue to rise as some states begin to roll back reopening the economy.

The trucking industry continues to seek ways to capture and employ more students as we continue to live in the uncertainty of the pandemic. One of the perks of the profession is the social distancing that already exists within the nature of the job. Even more so as more businesses and delivery services offer “contactless deliveries” to their customers.

Transportation workers have been recognized as “critical workforce” by the U.S. Department of Homeland Security, and there is no doubt that CDL drivers will continue to be needed as we face the possibility of a second wave.

With so many Americans unemployed and unsure as to when they will be re-entering the workforce, a CDL certification provides a solution to earn steady income. The transportation industry was already in need of many workers, and that demand will likely continue to increase as the pandemic continues to keep people out of work.

Leave a Reply

Your email address will not be published.Required fields are marked *

Subscribe to get more info sent straight to your inbox!

What to Expect: Realistic Outcomes

Climb’s Comprehensive Access Solution can offer a strategic balance of increased enrollments and upfront cashflows compared to traditional lenders. While no financing solution guarantees 100% collection, our data-driven approach maximizes both upfront cash and long-term repayment rates.

Typical Partner Results:

  • 15-30% of students qualify for Climb Loans with upfront tuition delivered to the school shortly after course start
  • 45-60% of students qualify for 0% APR* payment plans
  • Enrollment increases of 20%+ reported by partner schools**

**Results vary by school and student demographics. This represents performance reported by individual school partners and should not be considered a guarantee of your specific outcomes.

The bottom line: CAS is designed to maximize your net tuition recovery while eliminating the administrative headaches of student financing.

Maximizing Your Results

Pro Tip: Schools that require student deposits and set up automatic payments during enrollment see significantly better repayment performance across all financing options. These simple steps can meaningfully improve your outcomes.

FAQs

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

Students are placed into funding brackets (Elite, Standard, Enhanced) based on our AI assessment. Higher-credit students generate higher upfront payments to your school, while students with limited credit are seamlessly directed to our 0% Payment Plan.

These brackets are established using data from over $1 billion in career training loan originations and may be adjusted periodically based on updated repayment trends.

Important note: Regardless of which bracket a student falls into, they are considered fully paid by your school once funded. The student’s repayment obligation exists exclusively between Climb and the student.

Elite Access not available for Computer Science programs. Upfront percentages vary by industry and loan terms.

Once Climb disburses upfront funding for a student loan, that student is considered fully paid by your school. You will not receive any additional payments for that student—the single upfront payment is complete and final.

From that point forward, the student’s repayment obligation exists exclusively between Climb and the student. Your school has zero liability if the student defaults, and you keep the full upfront payment regardless of the student’s future payment performance.

They’re automatically offered our 0% Interest Payment Plan, ensuring no student is turned away while maintaining steady monthly cash flow for your school.

Higher-credit students generate larger upfront payments (75-100% of tuition), while students with limited credit use our 0% APR* Payment Plan for consistent monthly revenue. Both options are risk-free for your school

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Typically, within 5-10 business days after your partnership agreement is signed.

Comprehensive onboarding webinar, continuous partner support via AI-assisted chat and live email—and real-time borrower assistance with our live-chat-available student success team.

No. Climb fully manages the administrative responsibilities—your team simply monitors your school’s performance via our intuitive School Portal.

Your school is fully protected either way. For Climb Loans, you keep the entire upfront payment with zero liability. For Payment Plans, you only receive what students actually pay, with no risk to your school.