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Technician Demand Rises, Universal Technical Institute Funds $1 Million Scholarship Program

Stocks in this article: UTI

SCOTTSDALE, Ariz., April 23, 2013 /PRNewswire/ -- Universal Technical Institute (NYSE: UTI), the leading provider of post-secondary education for students seeking careers as automotive, diesel, collision repair, motorcycle and marine technicians, is expanding its scholarship offerings with the launch of the Industry's Choice Scholarship program. The program, which will be initially funded by UTI with $1 million, was developed to help students get the training they need to start a career in an industry that is in demand for skilled technicians. With the addition of the Industry's Choice Scholarship program, UTI awards more than $12 million in scholarships each year to support its students in achieving employment within a field they are passionate about.

"The Industry's Choice Scholarship is one way that we can help students lower the cost of education," said Kim McWaters, CEO of Universal Technical Institute. "Not only will this program help more of our students achieve their dreams, but it will help our industry customers meet their growing needs for skilled workers."

More than 30 of the world's leading brands choose UTI to train their entry-level technicians and the recent surge in technician demand is a positive indicator that the transportation industry is in recovery.

"Diesel technicians keep America and the world running and the need for skilled entry-level technicians is at an all-time high," said Wayne Kosko, regional training manager for Navistar International Corporation. "Our partnership with Universal Technical Institute to provide qualified technicians to fill the widening skills gap is an important factor to the success and growth of the industry."

In addition to scholarships offered by UTI, many of UTI's industry partners also provide scholarship funding, including Nissan North America, Inc., which helps students accomplish their goal of working in the transportation industry. It provides thousands of dollars each year to train technicians through UTI's Nissan Automotive Technician Training program.

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