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Federal Financial Aid Funding Available
We’re approved to offer federal financial assistance for the 1300 Hour Master Welder Program and 900 Hour Advanced Welding Program for those who qualify under the following Title IV programs:
Federal Pell Grant
A need-based grant to help cover the costs of higher education at a career school or college. Pell Grant eligibility is determined by an assessment of the income and assessment of a student, spouse or parent and the resulting Expected Family Contribution (EFC). Pell Grants do not need to be repaid unless you withdraw from school and owe a refund.
Federal Direct Subsidized Loan
Loans made to eligible undergraduate students who demonstrate a financial need to help cover the costs of higher education at a college or career school. The government pays the interest while the student attends school, for the first six months after you leave school (referred to as grace period) and during a period of deferment (a postponement of loan payments). The U.S. Department of Education is your lender.
Federal Direct Unsubsidized
Loans made to eligible undergraduate, graduate and professional students. However, in this case the student does not have to demonstrate financial need to be eligible. The student is responsible for paying the interest during all periods. If you do not pay interest while you are in school or during grace or deferment periods, interest will be added to the principal of your loan. The U.S. Department of Education is your lender.
Direct Parent Plus Loan
Loans made to parents of dependent undergraduate students or graduate/professional students to help pay for education expenses not covered by other financial aid. The borrower must not have an adverse credit history. The maximum loan amount is the cost of attendance at the school, minus any other financial aid received. The U.S. Department of Education is your lender.
In order to apply for financial aid, you must meet the following requirements:
- Be a U.S. Citizen with a valid Social Security number (or eligible non-citizen)
- Have a valid High School diploma or GED*
- Male applicants must be registered with Selective Services
- Be enrolled in Arclabs 1300 Hour Master Welder OR 900 Hour Advanced Welding Program
- Complete the appropriate application and forms, including the FASFA registration
- Provide all necessary supporting documentation
- Due to clock hour programs, students must maintain a minimum requirement of a 70% grade average, which also specifically requires scoring a minimum grade of 70 on each written module and a grade of 100 on each performance module required
- Attend at least 85% of the scheduled class hours on a cumulative basis
*Ask the college for details on homeschool diplomas or foreign high school diplomas.
Federal Student Aid Available for Application
To apply for federal student aid, students must first complete the Free Application for Federal Student Aid (FAFSA). Eligibility for aid will be determined once the institution receives the student’s information. If you have questions about financial aid or the FAFSA, please call the Financial Aid Administrator at 1.877.647.4111 or contact your local campus.
|Program||Aid Type||Maximum Annual Amount|
|Federal Pell Grant||Grant||$6,495|
|Subsidized Stafford Loan||Loan||$3,500|
|Unsubsidized Stafford Loan||Loan||$6,000|
|Plus Loan||Loan||Cost of attendance less any other aid received|
Details about Direct Loans, including loan amounts, interest rates, repayment plans and other terms and conditions, can be found here.
Arclabs’ policies and procedures for administering financial aid can be found in the Arclabs Financial Aid Policy and Procedures Manual.
As of December 31, 2019, the percentage of enrolled students receiving Title IV Federal Financial Aid was 82%. As of December 31, 2019, the percentage of students receiving Pell Grants was 71%.
*Financial aid options available for those who qualify
Other Available Funding
- State Funding
Arclabs is a South Carolina and Texas state-approved training provider. Therefore, students who are unemployed or underemployed could qualify for Workforce Innovation and Opportunity Act (WIOA) funding. To learn more about this type of funding and to see if you qualify, visit your local SC Works or Texas Workforce Commission office or contact one of our school locations.
- Veterans Benefits
All Arclabs locations are approved to accept Veterans benefits, including the GI Bill® and Veterans Vocational Rehabilitation.
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 at benefits.va.gov/gibill.
- Payment Plans
Arclabs offers payment plans. Please contact your local campus for more information.
Financial aid is available to those who meet the eligibility requirements of the individual funding source, and not all financial aid sources are available for all programs. Please contact your local campus for details.
Note that students or parents of students who enter into an agreement for a direct loan will have the loan information submitted to NSLDS, and the loan information will be accessible by authorized agencies, lenders, and institutions.
Federal Financial Aid Programs (Title IV) are available only for the 900 Hour Advanced Welding program and the 1300 Hour Master Welder program at all our locations. Additional information on direct loans is available by speaking with one of our Financial Aid Administrators at those locations.
Note: Any student convicted of selling or possessing illegal drugs while receiving federal student aid may become ineligible to receive aid for all or part of the school year.
- Climb Credit Loan
Arclabs has a partnership with Climb; a private, third party loan vendor for students to help pay for their tuition. Please contact your local campus for full details or visit the site to explore options.
Tony Ferguson Memorial Scholarship
This Memorial Scholarship honors the life of Mr. Thomas “Tony” Ferguson for his contributions to the welding industry and to his long-standing success at Fluor Corporation.
Priority for the fund is given to welding students who reside in North Carolina and South Carolina.