DIAMOND BAR, Calif. (Aug. 16, 2004) — The Specialty Equipment Market Association has awarded a record $110,000 in scholarships this year.
SEMA said 75 students who are preparing for auto industry careers received individual awards of up to $4,000. Students from 21 states benefited this year, with academic course work ranging from economics and marketing to diesel technology. Thirteen scholarships were given to relatives and employees of SEMA member companies.
Sophomores in two-year universities or colleges and students in vocational or technical schools received $1,000. Graduates and undergraduates with at least junior standing at a four-year school received $2,000 to $4,000.
Since its establishment in 1984, the SEMA Memorial Scholarship Fund has awarded more than 400 students with more than $500,000 in scholarship awards.
SEMA introduced a new scholarship category this year called the Loan Forgiveness Scholarship Award for qualified graduates with outstanding student loans who have worked at a SEMA member company for at least one year.