Financial Aid
Arclabs knows that getting funding in today’s economy isn’t easy. As an Arclabs student, funding opportunities are available so you can plan a better future for you and your family.
Federal Funding:
Arclabs is a South Carolina State Training Provider. Because of this, students who are unemployed or underemployed may possibly qualify for Workforce Investment Act (WIA) funding. To learn more about this type of funding and to see if you would qualify, please visit your local SC Works office or contact one of our school Admissions Counselors.
Private Loans:
Eligibility:
To be eligible for an Arclabs loan you must:
1) Be a citizen or permanent resident of the United States.
2) Be accepted/enrolled in Arclabs Welding School.
3) Have a co-signer. Co-signers must provide proof of employment or source of adequate funding to repay the promissory note should the student not be able to pay.
4) All promissory notes must include 28% of the borrowed amount as a down payment.
Interest rates are 5% of the initial loan. However, if the loan is paid back within six months of graduation Arclabs will refund the 5% interest. The interest will remain only 5% if paid back within one year of graduation. Loans are only available for the 10 and 23 week welding courses.
Repayment:One calendar month after graduating from Arclabs your first payment will be due. You have 12 months to repay the loan in its entirety. However, if the loan is repaid in full before your 6 month date, all interest payments will be refunded to you in full. Therefore, if the loan is paid back in 6 months no interest will be charged courtesy of Arclabs.
For more information regarding private loans please contact our Financial Aid office at 877-647-4111 or 864-236-9995. You may also email us at information@arclabs.com and label the subject “Financial Aid.”


