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INSTITUTIONAL GRANT October-December 2018

“NASCAR “Motorcycle “Marine “Universal

Institutional Grant Overview

Objective

To provide institutional grants for students who are attending Universal Technical Institute, NASCAR Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute campuses (specific campus/program eligibility criteria listed below) with demonstrated financial need. The grant will be awarded to all students who meet the eligibility criteria; there is no separate application process. This grant will be in effect for start dates in October, November and December of 2018. Specific award amounts can range from $1,000-$5,000 based on the program in which the student is enrolled.

Criteria for Awarding the Grant

Eligibility will be based on proximity to the campus* and financial need as determined by the Estimated Family Contribution (EFC) calculated by the US Dept. of Education as a result of a student completing their Free Application for Federal Student Aid (FAFSA). Students who enroll more than 30 days prior to their start date, have an EFC of $3,000 or less, and who have a proximity* to the campus of at least 50 miles will be eligible for the grant.

 

Eligibility Details

  • Students will forfeit their grant eligibility and/or award if they cancel or postpone beyond the latest applicable start date.
  • Students who receive this grant will maintain eligibility for any other UTI grants, scholarships or tuition discounts they have received or would otherwise be eligible to receive.
  • Eligibility will be based on the approved FAFSA results sent to the school, called an Institutional Student Information Record (ISIR) that is on file for the 2019 financial aid award year. An approved ISIR meeting the EFC criteria must be received by the school no later than 9 days following the student’s start date to be considered eligible.
  • A student’s proximity to the campus will be based on the address provided at the time the student initially provided their information to the school.
  • The following campuses/programs are not participating in this specific grant program:
    • Non-participating campuses: UTI Exton, UTI Lisle, UTI Rancho Cucamonga
    • Non-participating programs: All Welding and CNC programs
    • The 10/1/18 start date for the MMI Orlando Marine program is not eligible for this grant program

*Proximity will be calculated using the latitude and longitude of the initial address provided to the school, compared with the latitude and longitude of the campus location.

Process and Rules

Only one award will be given per student.

Any grants awarded are not transferable to any other person.

This grant will be applied as a credit against tuition and will not be issued to the student in the form of cash.

In the event of withdrawal from school, the award will be subject to prorated loss for the portion of program not attended.

Universal Technical Institute, Inc. and its subsidiaries (collectively “UTI”) are committed to education and work communities that are free from prohibited discrimination and harassment.

UTI prohibits discrimination and harassment on the basis of race, color, national origin, sex, religion, disability, age, veteran status, sexual orientation/gender identity or expression, genetic information, and any other legally protected status in the provision of its courses, programs, services or activities.

UTI has designated the National Director of Student Services as the individual responsible for the coordination and administration of its non-discrimination and harassment policies. In addition, the National Director of Student Services has been designated to coordinate UTI’s compliance with Section 504, the ADA and the Age Act.

Questions or comments about discrimination or harassment can be directed to the National Director of Student Services at 16220 N. Scottsdale, Road, Suite 500, Scottsdale, AZ 85254 or by calling 800-859-7249.

Admissions Representatives may not provide any guidance beyond general information about the availability of this grant and must refer prospective students to the Financial Aid office for more detailed information.

Grants shall not be used as a recruiting device. Funding for this program is limited and the program may be suspended at any time at UTI’s discretion. Such a suspension will not affect awards to students who are awarded a grant under this program prior to the suspension date.

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1) UTI cannot guarantee employment or salary.

2) For important information about the educational debt, earnings and completion rates of students who attended this program, visit our website at www.uti.edu/disclosures.

3) Approximately 8,600 of the 9,200 UTI graduates in 2016 were available for employment. At the time of reporting, approximately 7,400 were employed within one year of their graduation date, for a total of 86%. This rate excludes graduates not available for employment because of continuing education, military service, health, incarceration, death or international student status. The rate includes graduates who completed manufacturer-specific advanced training programs and those employed in positions that were obtained before or during their UTI education, where the primary job duties after graduation align with the educational and training objectives of the program. UTI cannot guarantee employment or salary.

4) UTI’s Automotive Technology program is 51-weeks. Core program length varies by subject. For example, Diesel & Industrial Technology is 45-weeks and Automotive/Diesel Technology is 75- weeks.

5) UTI programs prepare graduates for careers in industries using the provided training, primarily as automotive, diesel, collision repair, motorcycle and marine technicians. Some UTI graduates get jobs within their field of study in positions other than as a technician, such as: parts associate, service writer, fabricator, paint and paint prep, and shop owner/operator. UTI cannot guarantee employment or salary.

6) UTI graduates' achievements may vary. Individual circumstances and wages depend on personal credentials and economic factors. Work experience, industry certifications, the location of the employer and their compensation programs affect wages. UTI cannot guarantee employment or salary.

7) Some programs may require longer than one year to complete.

8) Does not include time required to complete a qualifying prerequisite program such as UTI’s 51-week Automotive Technology program.

9) Does not include time required to complete a qualifying prerequisite program such as UTI’s 45-week Diesel Technology program.

10) Financial aid and scholarships are available to those who qualify. Awards vary due to specific conditions, criteria and state.

11) See program details for eligibility requirements and conditions that may apply.

12) Based on data compiled from the U.S. Bureau of Labor Statistics, Employment Projections (2016-2026), www.bls.gov, viewed October 24, 2017. The projected number of annual job openings, by job classification is: Automotive Service Technicians and Mechanics, 75,900; Bus and Truck Mechanics and Diesel Engine Specialists, 28,300; Automotive Body and Related Repairers, 17,200. Job openings include openings due to growth and net replacements.

13) Based on data compiled from the U.S. Bureau of Labor Statistics, Employment Projections (2016-2026), www.bls.gov, viewed October 24, 2017.

14) Incentive programs and employee eligibility are at the discretion of the employer and available at select locations. Special conditions may apply. Talk to potential employers to learn more about the programs available in your area. UTI cannot guarantee employment or salary.

15) Manufacturer-paid advanced training programs are conducted by UTI’s Custom Training Group on behalf of manufacturers who determine acceptance criteria and conditions. These programs are not part of UTI’s accreditation.

16) Not all programs are NATEF accredited.

17) Program start dates vary by campus.

18) Based on comparison with graduates from core programs between October 1, 2007, and September 30, 2015. UTI cannot guarantee employment or salary.

19) Students who are near graduation, have no outstanding obligations to the school, and who have not previously taken part in a tool voucher program on any UTI/MMI/NASCAR Tech affiliated campus may be eligible to participate in the UTI Tool Voucher Program.

20) VA benefits may not be available at all campus locations.

21) GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website.

22) Discount does not apply at Exton, PA campus. The Avondale Campus has a Yellow Ribbon Program that a Veteran student can choose to use rather than applying the 10% discount.

23) Prior to starting or re-enrolling, Tennessee residents attending the Orlando or Houston campus must provide official high school transcripts, GED scores or state-authorized equivalent exam scores. In addition, all students attending the NASCAR Tech campus must provide official high school transcripts, GED scores or state-authorized equivalent exam scores prior to starting or re- enrolling.

24) Graduates of NASCAR Technical Institute’s Automotive Technology program and Automotive Technology with NASCAR (the NASCAR Technology program) are qualified to work as entry-level service technicians in automotive repair facilities or automotive dealer service departments. Graduates from the NASCAR program have additional opportunities to work in racing-related industries. Of the students who elected to take the NASCAR-specific elective courses and graduated during 2015, approximately 15% found employment opportunities in racing-related industries. The overall employment rate for NASCAR Technical Institute was 89% for 2015.

25) Source: Bureau of Labor Statistics 2017 wage data for Automotive Body and Related Repairers. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $33,930 (Massachusetts Labor and Workforce Development Website viewed June 2018). The most recent U.S. Department of Labor estimate, published May 2017, for the hourly earnings in North Carolina of the middle 50% of skilled collision technicians is $21.66. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $15.98. UTI cannot guarantee employment or salary.

26) Source: Bureau of Labor Statistics 2017 wage data for Welders, Cutters, Solderers, and Brazers. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $33,380 (Massachusetts Labor and Workforce Development Website viewed June 2018). The most recent U.S. Department of Labor estimate, published May 2017, for the hourly earnings in North Carolina of the middle 50% of skilled welders is $18.66. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $15.56. UTI cannot guarantee employment or salary.

27) Does not include time required to complete a qualifying prerequisite program such as UTI’s 48-week Motorcycle Technician training program.

28) Source: Bureau of Labor Statistics 2017 wage data for Automotive Service Technicians and Mechanics. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $29,490 (Massachusetts Labor and Workforce Development Website viewed June 2018). The most recent U.S. Department of Labor estimate, published May 2017, for the hourly earnings in North Carolina of the middle 50% of skilled automotive technicians is $18.18. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $12.98. UTI cannot guarantee employment or salary.

29) Source: Bureau of Labor Statistics 2017 wage data for Bus and Truck Mechanics and Diesel Engine Specialists. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $39,040 (Massachusetts Labor and Workforce Development Websiteviewed June 2018). The most recent U.S. Department of Labor estimate, published May 2017, for the hourly earnings in North Carolina of the middle 50% of skilled diesel technicians is $20.50. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $16.88. UTI cannot guarantee employment or salary.

30) Source: Bureau of Labor Statistics 2017 wage data for Motorcycle Mechanics. MMI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $30,120 (Massachusetts Labor and Workforce Development Website viewed June 2018). The most recent U.S. Department of Labor estimate, published May 2017, for the hourly earnings in North Carolina of the middle 50% of skilled motorcycle technicians is $17.37. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $14.16. UTI/MMI cannot guarantee employment or salary.

31) Source: Bureau of Labor Statistics 2017 wage data for Motorboat Mechanics and Service Technicians. MMI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $31,750 (Massachusetts Labor and Workforce Development Website viewed June 2018). The most recent U.S. Department of Labor estimate, published May 2017, for the hourly earnings in North Carolina of the middle 50% of skilled marine technicians is $16.78. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $13.22. UTI/MMI cannot guarantee employment or salary.

32) Summer Ignite participants must satisfy standard eligibility criteria prior to acceptance into UTI.

33) Courses vary by campus. For details, contact the program representative at the campus you are interested in attending.

34) Source: Bureau of Labor Statistics 2017 wage data for Computer-Controlled Machine Tool Operators, Metal and Plastic. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $36,180 (Massachusetts Labor and Workforce Development Websiteviewed June 2018). The most recent U.S. Department of Labor estimate, published May 2017, for the hourly earnings in North Carolina of the middle 50% of skilled CNC Machine Tool Operators is $17.72. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $15.12. UTI cannot guarantee employment or salary.

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