Loan Forgiveness Program

Since 2004, we have been dedicated to aiding recent graduates in getting off to a successful start in their aftermarket career. All loan forgiveness winners receive a minimum of $1,000 toward their student loans. Are you missing out on free money from SEMA?

• Are you a recent college graduate?
• Have you worked in the automotive industry for at least one year?
• Is your employer a SEMA-member company?
• Do you have outstanding loans?

If you answered “Yes” to each of the questions above, then look no further than the SEMA Loan Forgiveness opportunity!

Here at SEMA we understand the demand of today’s fast-paced society with economic pressures from every direction, and so do our member companies.

“I was honored to receive the SEMA Loan Forgiveness Award twice and I must say it was nice to eliminate some stress from outstanding loans. I received scholarships while in college and worked full-time to try to cover expenses, but still ended up with student loans. This Loan Forgiveness program rewards your efforts for doing well in college and actively participating in the automotive aftermarket. I was so glad to know that working for a SEMA Member company qualified me for such a great program. This award helps give back to employees of SEMA member companies and ease the burden of outstanding student loans so it is very nice incentive to receive while working for a SEMA Member company.”
—Lee McGuire, Skyjacker Suspensions

“The SEMA Scholarship and Loan Forgiveness awards have been lifesavers to me…since I graduated and started working in the industry, the Loan Forgiveness award has helped me to survive the trying economic times of the last two years and still keep paying on my student loans. If it wasn’t for the SEMA Scholarship Fund, I don’t know where I’d be right now.”
—Patrick Hill

See the qualifications below and apply today to let SEMA pay your student loan bills. It’s easy, and it can save you some serious coin in these tough times.

Click here to apply now.

For more information, email JulietM@sema.org or call 909-978-6655

Loan Forgiveness Qualifications:

• Minimum of 1 full year of full-time employment at SEMA-member company (by the completed application date)
• Have a minimum $1,000 outstanding student loan(s)
• Have completed a program of study at an accredited university, college or vocational/technical program in the United States (transcripts required)
  • Graduate level degree from an accredited university or college
  • Bachelors Degree from accredited university or college
  • Associates Degree from accredited university or college
  • Certificate of Program Completion from a private vocational/technical school
• Graduated with a minimum 2.5 grade point average
• Two letters of recommendation from employer