Financial Assistance for Training | Lab Four
Lab Four is pleased to provide each of our accepted students with various possibilities for funding their career training.
WIN (Workforce Investment Network)
WIN is a local government organization that administers Workforce Investment Act funding. WIN grants provide amazing opportunities for students that need marketable skills. Lab Four works very closely with Workforce Investment Network to stay updated on their processes and requirements. Lab Four trains its Career Specialists to be familiar with the latest developments so that students will have step-by-step help in getting through WIN’s requirements and assessment processes.
WIN grants typically target dislocated workers, low-income individuals, unemployed, & underemployed individuals with their High School Diploma or GED.
If you are currently employed, you may have financial aid options available through your employer. Oftentimes, tuition reimbursement benefits are not widely or enthusiastically promoted. Tuition assistance programs are typically based upon an employer’s objectives for recruiting, retention, and productivity. The benefits can vary from company to company, and even within various divisions of the same company.
Make an appointment to speak with your human resources specialist about your employer’s caveats, rules and restrictions. You may also find information in your employee handbook.
Jena Mae Funding
Jena Mae provides tuition financing regardless of credit history as long as you meet the following requirements:
- You must have a checking or savings account or credit card to debit scheduled payments from
- You must provide Jena Mae with 3 verifiable references
- You must pay the required down payment amount directly to Lab Four
- You must have a Cosigner who will accept responsibility for your account should you default
For more information and details, visit www.jenamae.com.
Trade Adjustment Assistance (TAA) funding is available to workers who lost their jobs or whose hours/wages were drastically reduced as a result of increased imports or a shift in production to a foreign country. TAA training pays up to 100% tuition and books. The occupation training has to be in demand in the area. The student has 210 days from the date of the filing the claim to enroll in training. If additional training is needed they can apply for more funding in the same field. Funds can be back dated from the time of layoff to pay for training. TRA will pay up to 2 years of training for a client. It also takes 3 to 4 weeks for entitlement letter from the TRA for determination.
- Fill out application with TRA
- Receive claim number
- Go to Career Center to see TAA rep
- Orientation and TABE testing
- Contract between Career Center and School
- Return contract to TAA rep
- Rep will send to Nashville
- Nashville will send school and rep if approved
The H1B Grant Health IT Program is a collaboration between Lab Four, Memphis BioWorks Foundation, Southwest Community College, Tennessee Technology Center, & SeedCo, and is funded by the Federal Department of Labor. The goal of the program is to reduce the need for companies to use H1B Visas in order to acquire the talent they need in the Health & Information Technology fields from outside the country.
Funds are subject to availability and limited to the grant’s operational time frame. For information on eligibility criteria and intake requirements, please contact us. Additional program assessments and entrance requirements are required for enrollment into each training program in accordance with training provider guidelines.
If you’re interested in choosing one of the above funding options, please contact us.