To be honest I'm not sure what you mean by 'lost their funding'. Now if they lost their status as a state approved school that could be a huge problem. Maybe it's something along those lines that you're referring to. I'm not sure.
If you have concerns like that about a school there will be some sort of state agency you can contact to find out about their status as a legitimate school.
I believe that is what happen they lost their funding from the state to be an approved school. I am trying to find the story I read so I can post the link.
I could not find anything on a "Private" CDL School, but I did find this...
Iowa Central C.C. lost an increase in state funding...
Dave
A CDL is required to drive any of the following vehicles:
Here is a link of the accreditation by the Proffessional Truck Drivers Institute as of Sept. 1, 2015 in Iowa...Accreditation by the PTDI in Iowa
I hope this helps.
Dave
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Does it matter if a trucking school has lost their funding? Is it like a college that's not accredited? And the diploma isn't worth the paper its written on?
There is a CDL school in Iowa that I heard lost their funding and students bailed because the students said the diploma wouldn't be worth the paper its written on. The CDL school has sued the students and the students are using the lost funding as their defense and a few other issues with the school.
I find this interesting because a private school would charge 4K+ and hand a student a diploma. To me it would be like going to college and be halfway through the course the school lost its accreditation.
CDL:
Commercial Driver's License (CDL)
A CDL is required to drive any of the following vehicles: