By Ashley Reyes
Are you employed by a SEMA member company and still paying off student loans? If so, you're invited to apply to receive up to $2,000 towards your student loan balance through the 2026 SEMA Loan Forgiveness Program. Applications are open now and run through Friday, April 3 at www.sema.org/loan-forgiveness.
What is the SEMA Loan Forgiveness Program?
The Loan Forgiveness Program is a SEMA member benefit that issues financial awards of $2,000 to help employees of member companies pay off their student loans from a college, university or career technical/trade school.
What are the eligibility requirements?
- Currently employed by a SEMA-member business.
- Have at least $2,000 in outstanding student loan debt.
- Possess a degree or certificate from a college, university or career technical/trade school in the United States or Canada.
- Demonstrate a passion for the automotive industry.
What are the benefits of being selected?
The SEMA Loan Forgiveness Program helps reduce your student loan balance, enabling you to save money out-of-pocket, free income for other financial priorities and focus more on your career.
How to Apply
Review and complete the scholarship application at www.sema.org/loan-forgiveness before the Friday, April 3 deadline. Use program key "SEMA" to access the application. If you know someone who may qualify, SEMA encourages you to share this opportunity with them.
