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Universal Technical Institute And MikeroweWORKS Foundation Launch $1 Million Scholarship Program

Stocks in this article: UTI









SCOTTSDALE, Ariz., March 3, 2014 /PRNewswire/ -- Universal Technical Institute (NYSE: UTI), the leading provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, today launched the mikeroweWORKS Foundation (MRW)/UTI Scholarship Program for individuals pursuing technical education at UTI campuses across the country. The Program will make available approximately $1,000,000 in tuition scholarships across all UTI locations * for future enrolled students who are passionate about a career in the transportation industry. 

Mike Rowe, the creator, executive producer and  host of Discovery Channel's "Dirty Jobs with Mike Rowe," is challenging  the idea that an expensive four-year degree is the best and only path for most people, while calling attention to thousands of career opportunities with companies who are struggling to fill jobs that require technical skill and expertise.

"We are thrilled to partner with the mikeroweWORKS Foundation and join Mike's mission to spread the word about the importance of technical education and filling jobs in the skilled trades," said Kimberly McWaters, chairman and CEO of UTI.  "This new scholarship program provides hard-working men and women across the country with the opportunity to follow their passion and obtain careers in the transportation industry, where the demand for technicians continues to rise."

Transportation is the fourth largest sector in the U.S. (contributing more than $1 trillion of U.S. Gross Domestic Product) and today it comprises over 16 million jobs, as one out of seven jobs is within the transportation industry.  According to the U.S. Bureau of Labor Statistics, there are more than 1.1 million auto, diesel, motorcycle, marine and collision repair jobs in the country and the need for these service technicians will grow nearly 10% from 2012 through 2022.

UTI works directly with top manufacturers to develop programs that meet the evolving needs of the industry, preparing students who are highly skilled and ready to work. The MRW/UTI Scholarship Program will help more qualified individuals obtain a skilled trade education and bring the country one step closer to closing the skills gap.   

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