2026 SEMA Scholarship and Loan Forgiveness Applications Now Open

Financial assistance of up to $5,000 available to support students seeking careers in the automotive aftermarket

DIAMOND BAR, CA – January 6, 2026 – (Motor Sports NewsWire) – The Specialty Equipment Market Association (SEMA) is now accepting applications for the 2026 SEMA Memorial Scholarship Fund, an initiative designed to help students and emerging professionals launch successful careers in the automotive industry.

Through the scholarship program, eligible students may receive awards of up to $5,000 to support their education at accredited universities, colleges, and vocational or technical schools in the United States and Canada. SEMA also offers loan forgiveness awards of up to $2,000 for employees of SEMA-member companies who have completed a qualifying program of study and are actively repaying student loans.

“The SEMA Memorial Scholarship Fund exists to break down barriers and create opportunities for the next generation of aftermarket professionals,” said Joe Escobar, SEMA Manager of Recognition Programs. “By investing in both students and existing employees alike, we are building a stronger talent pipeline, fostering career growth, and securing the future of our industry.”

The SEMA Memorial Scholarship Fund is designed to promote career development and create access to opportunities in the automotive aftermarket. As part of this initiative, scholarship recipients are invited to attend the SEMA Show, where they can gain industry insight, connect with industry leaders, and explore career pathways firsthand.

For students like Zachary Beenen, the support from SEMA enabled him to attend the college of his choice: Oklahoma State University. Beenen is currently majoring in mechanical and aerospace engineering with a future career in the area of performance vehicles.

“I am forever thankful for scholarships like SEMA’s that will help me achieve my career goals of working in the performance vehicle industry, while getting the many experiences that college has to offer,” he said.

Scholarship applications are open to high school seniors and college students in the United States and Canada who demonstrate a passion for working in the automotive industry. All disciplines are welcome.

Those interested in applying for a loan forgiveness award must be employed by a SEMA member business, demonstrate passion for an automotive career, possess a degree or certificate from a college, university, or career tech school in the United States or Canada, and have a minimum of $2,000 in outstanding student loans.

Applications are open through April 3, 2026, at www.sema.org/scholarships.

About SEMA

The Specialty Equipment Market Association (SEMA) serves as a leading voice for the worldwide car culture, representing over 7,000 member companies that create, buy, sell, and use specialty-automotive parts that make vehicles more unique, attractive, convenient, safer, fun, and even like new again. Business member benefits include product development resources, market research, networking, education, legislative advocacy, and more. The Association organizes the annual SEMA Show in Las Vegas, Nev., and actively supports the career and business opportunities that the aftermarket generates. The industry contributes nearly $337 billion in economic impact to the U.S. economy, supports 1.3 million jobs nationally, and generates more than $52.6 billion in parts sales annually. For more information, visit www.sema.org.

Source: Specialty Equipment Market Association

####