Signed in as:
filler@godaddy.com
The Advantage for CDL schools
Extend your mission and reach: Increase enrollment and class sizes
Most schools and workforce development programs are unable to admit candidate drivers for lack of ability to pay. If your school is eligible and qualified, CDL Advantage provides career training financing that will help you serve more deserving men and women in your community.
CDL-specific credit = opportunity = more job placement = measurable social impact.
Offer CDL-specific career advancement financing
Serve your trainees and your community by expanding your pool of qualified students. We help a variety of CDL programs:
- Public and private training programs
- Community colleges
- For-profit and non-profit career schools
- Public-private coalitions
The CDL Advantage program provides compliant access to credit and economic opportunity to the underserved. You'll serve more trainees, serve your community and expand your ability to help the trucking industry.
No risk to you - No recourse, no contingent liability
Training fees are paid directly to your school. Your program is not party to the financing and has zero contingent liability on a non-recourse basis. This means that there is no need for your facility to self-fund, set terms, service loans, set reserves or hold paper.
Read on and then contact us to see if your school is eligible to qualify...
For eligible schools, there is nothing but upside
Our program does not interfere with any other financing tools that your school provides. CDL Advantage adds a unique, powerful tool so you can enroll more trainees. Existing financing arrangements you currently have, including Title IV, WIOA, and the GI Bill will not be affected. We also help many schools comply with the 90/10 Rule.
Increase your placement rates
CDL Advantage's approved employers result in better job placement and satisfied graduates. Plus, your students are not restricted to our approved employers - better for you and for them.
Enhance diversity, equity, and inclusion
CDL Advantage expands access to credit and delivers social impact to your employers and to the community, providing life-changing economic opportunity to the under-served. Our focus on diversity, women, veterans, and younger workers expands your pool of eligible trainees.
Proven compliant and effective
Financing in accordance with the Fair Credit Reporting Act, the Truth-In-Lending Act, and the Dodd-Frank Wall Street Reform and Consumer Protection Act. Licensed in 49 states.
CDL Advantage is the only CDL financing solution that has passed the requirements and is approved by FastChoice and MyScholarNet at over 800 institutions nationwide.
Full-time programs, part-time, and special circumstances
Every item on the enrollment agreement can be financed by the trainee. Regardless of the training length. And yes, partial amounts and loans supplemental to other grants are OK, too.
Want more info?
Check out our Frequently Asked Questions:
See below to find out if your school can qualify for eligibility:
Qualify for the CDL Advantage
Apply to become an approved training facility today
Contact us to start on the path of increased enrollment.
Requirements for eligibility:
- Registration with FMCSA TPR
- In good standing with all regulatory bodies
- In good standing with all accrediting organizations
- Financially stable and responsible
- High reputation in field
- Acceptable trainee volume
- Demonstrable commitment to safety
- Curriculum compliant with the ELDT rule
- Satisfactory trainee references
- Satisfactory carrier/fleet employer references
- High completion and placement rates
- Ability and capacity to enroll and serve more trainees
CDL Advantage partners
