SEMA eNews Vol. 22, No. 6, February 7, 2019

SEMA’s Loan Forgiveness: Your Pathway to Student Debt Relief

By Ellen McKoy

  Loan ForgivenessAn avid off-roader, Nick D’Orazio turned an interest in auto mechanics into a career in design engineering at Fox Factory Inc. With financial assistance from SEMA, he’s been able to pay down on a higher-interest student loan.

According to the Federal Reserve Bank of New York Consumer Credit Panel, student debt has hit a record-setting $1.52 trillion. And while millions of college grads struggle to repay their loans, for those pursuing a career in the automotive industry, there’s a pathway to help them leave their worries behind: the SEMA Loan Forgiveness Program.

Established in the early 2000s under the SEMA Memorial Scholarship Fund, the program is aimed at helping graduates employed by a SEMA-member company pay off their student loans.

Loan forgiveness awards are presented annually to qualified candidates. Beyond employment at a member company, applicants must hold a degree or certificate from an accredited college, university or technical school, have a minimum 2.5 GPA and, perhaps most important, a demonstrated passion for the industry.

SEMA is now accepting applications for the 2019 SEMA Loan Forgiveness and Scholarship programs at The deadline to apply is March 1.

For more information, contact SEMA Manager of Student Programs Juliet Marshall at 909-978-6655 or

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