Lower Your Student Debt With SEMA Loan Forgiveness

By Ashley Reyes

EducationIf you are employed by a SEMA-member company, you may be able to receive up to $2,000 to pay off an existing student loan.

Through the SEMA Loan Forgiveness program, employees of SEMA-member companies are invited to apply for a Loan Forgiveness Award between now and March 1. The Loan Forgiveness program runs in conjunction with the SEMA Scholarship program. Combined, the programs have awarded more than $3 million since their founding in 1984.

The Loan Forgiveness program is open exclusively to SEMA-member companies and their employees as a benefit of membership. The program provides funds to help pay off education loans from a college, university or career technical/trade school.  

To learn more about the Loan Forgiveness Program or to apply, visit