After Doubling His Income, Cam Looks Forward to the Future
Cam
American Diesel Training Centers Career Impact Bond graduate
American Diesel Training Centers Career Impact Bond graduate
![Bill B, ADTC Career Impact Bond Student](https://socialfinance.org/wp-content/uploads/2021/04/bill-barber-e1667312667144-1000x1000.webp")
For Bill, Short-Term Training Was the Key to Economic Mobility
Impact Investments, Workforce & Economic Mobility, Education
IMPACT
A $10,000 salary increase and a new career path
This story has been adapted from The New York Times.
In 2020, Bill saw an ad on Facebook for American Diesel Training Centers (ADTC), an Ohio school that prepares people for careers as diesel technicians—an in-demand occupation facing labor shortages across the country. Through a partnership with Social Finance, Bill would pay for the schooling only if it landed him a job, thanks to a student-friendly financing agreement called the Career Impact Bond, designed to help students upskill with minimal financial risk.
Bill signed up for ADTC’s immersive five-week program, graduated, and quickly found a job at U.S. Xpress, a national freight-hauling trucker, with a starting pay of $39,000 a year—about $10,000 more than he made before as a cable TV installer. He also received a $2,000 signing bonus and a relocation fee.
“I figured this was my best opportunity to succeed,” he told The New York Times in the spring of 2021.
Photo courtesy of Brian Kaiser for The New York Times.