There’s another truckload carrier that has expanded paid tuition to family members in order to help retain drivers.
Swift Transportation, a subsidiary of Knight-Swift (NYSE: KNX), announced earlier this week a partnership with Southern New Hampshire University, an on-line university. Like the program announced in September by U.S. Xpress, (NYSE: USX) Swift drivers and their families will be able to pursue a degree offered by SNHU.
SNHU’s online program is called College for America and it has a section targeted specifically at employers offering this sort of benefit. Companies that participate in the program are called “partners.“ According to SNHU, their partners have access to the full SNHU catalog. “We have options tailored to the entire workforce, from project-based models that cater to non-degreed workers, to online MBAs and MS-IT’s to advance your leadership team.”
As U.S. Xpress noted when it rolled out its programs, only an online program can meet the schedule and mobility needs of truck drivers.
In its prepared statement announcing the program, Swift COO Kevin Quast said the company had performed a pilot program last year that resulted in the new program, which is called Drive for Degree. The program was implemented in August and is being announced now.
Like the U.S. Xpress program, it covers eligible dependents who can pursue an education through SNHU with Swift paying for tuition. The U.S. Xpress program was specific in limiting the benefit to two family members at any one given time. Swift did not offer specifics on whether it also has such a limit, but it did say that “additional” family members can pay their own way but at a discounted rate.
The U.S. Xpress program was with online education provider Ashford University, which is completely online. SNHU actually does have physical facilities in New Hampshire, but it is a heavy advertiser for its College for America online programs.
