Housing assistance fund now reaches all 11 Universal Technical Institute campuses
SCOTTSDALE, Ariz., Jan. 15, 2013 /PRNewswire-USNewswire/ -- Collegiate Housing Services has expanded its partnership with the Universal Technical Institute Foundation. Now, students at any UTI campus may receive housing assistance should they need it.
The nationwide grant program provides funding for students in need of support, and serves as a valuable life line for students who face the tough choice of paying an unexpected bill or staying enrolled in school. It began at the Mooresville campus in North Carolina in 2011.
"We truly value this partnership with Collegiate Housing Services," Veronica Meury, vice president and executive director of the UTI Foundation, said. "It serves as a safety net for students who find themselves struggling with a financial emergency."
Collegiate Housing Services provides both seed money and a monthly contribution for each UTI campus based on student housing participation levels in each market. Universal Technical Institute provides a level of matching funds and the UTI Foundation distributes the grants to students in need. In addition to the campus-specific fund, Collegiate Housing Services also contributes to a general fund to be used by the UTI Foundation for housing assistance at any campus.
"This is our way of giving back," David Neal, CHS president and co-owner, said. "We understand how valuable an education is at Universal Technical Institute and would hate to see a student interrupt that learning because of short term financial pains."
The Indianapolis-based Collegiate Housing Services has provided housing to for-profit colleges since 1988. The UTI Foundation provides scholarships and support to deserving students attending Universal Technical Institute.
About UTI Foundation:
The UTI Foundation, a 501(c)(3) Arizona nonprofit, is the umbrella organization for all Universal Technical Institute, Inc. (NYSE: UTI) not-for-profit initiatives and is dedicated to raising funds to support and encourage technical education for the automotive, diesel, collision repair, motorcycle, marine, NASCAR and other transportation industries through scholarships, grants, career development and other special programs. For more information, visit www.utifoundation.net.
About Universal Technical Institute, Inc.
Headquartered in Scottsdale, Arizona, Universal Technical Institute, Inc. (NYSE: UTI) is the leading provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. With more than 160,000 graduates in its 47-year history, UTI offers undergraduate degree, diploma and certificate programs at 11 campuses across the United States, as well as manufacturer-specific training programs at dedicated training centers. Through its campus-based school system, UTI provides specialized post-secondary education programs under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NASCAR Tech).
CONTACT: Lisa Nicita
SOURCE Universal Technical Institute Foundation