Universal Technical Institute, Inc. (UTI), which specializes in technical education training for careers in collision repair, mechanical and other fields, has developed a $10 million private loan initiative designed to help students who need help "bridging the tuition gap" in today’s tight credit market. UTI has 10 campuses across the United States and manufacturer-sponsored advanced programs at 18 training centers.
The loan program will assist students who have exhausted traditional student financial aid eligibility, are unable to qualify for credit-based loan programs and therefore may not be able to attend UTI.
“Traditional federal student aid and alternative student loans are still the first and best sources of funding for our students, but this program will greatly assist those who would otherwise be unable to pursue their education goals because of an inability to obtain reasonable loans through other sources," said Kimberly McWaters, UTI president and CEO.
UTI has additional programs designed to help students with their tuition and school expenses, including the UTI Foundation, which provides qualified students with scholarships, grants and other programs. For more information, visit www.uti.edu.