Climb Credit Releases Outcomes Report on Trucking Schools With Findings That Students Are Gaining a 4X ROI in Their Career Training Investment

Climb partners with several commercial driver’s license (CDL) programs nationwide to provide several payment options for their students

Climb Credit, a mission-driven FinTech company focused on expanding access to career-advancing training programs, has released a report on surveyed student outcomes for their partnered trucking schools.

As outlined in their report, surveyed students who used Climb to attend a trucking school saw not only an 81% job placement rate*, but also a $25,000 median salary increase — roughly four times the average tuition cost for their partner CDL programs. In contrast, a Georgetown report last year found that though typical college costs range from $27,330 to $55,800, the median earnings for young adults with a college degree is roughly $45,000. While comparing career training to 4-year bachelor’s degrees can be like comparing apples and oranges, this difference in education ROI between the two highlights an important conversation to be had about education investment in America.

With the American Trucking Association, estimating that the 2021 shortage of truck drivers had reached 80,000, experts believe that this number could surpass 160,000 by 2030. Climb has long believed in the importance of boosting career-training programs such as trucking schools. And with the current need for more truck drivers, they remain fully committed to providing financial support for these institutions.

“Throughout our years of researching and evaluating not only individual CDL schools but also the industry as a whole, it’s gratifying to see that our confidence in our partner schools has resulted in such positive outcomes,” said Climb CEO Casey Powers. “With the current need for truck drivers, it’s even more imperative that we continue to strengthen the programs that have a track record of advancing their students’ careers and providing a positive return on their financial investment.”

Going forward, Climb is excited to continue their support of CDL programs and other career training programs through even more mission-aligned initiatives that will help students access their training and ultimately succeed in their careers.

Click the link below to view the full report:
Climb Credit Trucking Outcomes Report

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