Only Two Weeks Left to Apply for SEMA Loan Forgiveness Up to $2,000

Loan ForgivenessBy Ashley Reyes 

SEMA-member company employees have only two weeks left to apply to reduce their student debt through the SEMA Loan Forgiveness Program. Applications are open now and close March 1 at

What is the SEMA Loan Forgiveness Program?

The Loan Forgiveness Program is a benefit of SEMA membership that issues financial awards up to $2,000 to help employees of SEMA-member businesses pay off their education loans from a college, university or career technical/trade school.

What are the eligibility requirements?

  • Currently employed by a SEMA-member business.
  • Demonstrate passion for the automotive hobby and career.
  • Possess a degree or certificate from a college, university or career technical/trade school in the United States or Canada.
  • Have a minimum of $2,000 in outstanding student loans.

What are the benefits of being selected?

The SEMA Loan Forgiveness Program presents individuals with the opportunity to focus more on excelling in their careers, rather than be burdened by financial strain. It also empowers them to pursue their passions more freely, while saving money out-of-pocket in the long run.

What is the application process?

Interested applicants can review and complete the scholarship application at before the March 1 deadline. If you know someone who may qualify, SEMA encourages you to share this opportunity with them.