1. The student may use the scholarship award as indicated in the student's scholarship letter. An academic year begins with Fall Semester and ends with Summer Term. Specific amounts are assigned to each semester/term and may not be exceeded.

2. The student must be registered for and complete a minimum of 12 credit hours each semester, or 6 credit hours Summer. That total may not include any hours of repeated course work, audit courses, and/or non-credit courses. Students who fail to complete 12 credit hours will lose their scholarship and must pay for owed tuition.

3. Students may use LDS Business College funded scholarships for no more than four semesters/terms throughout their academic programs.

4. Students may use only one LDS Business College scholarship per term or semester with one exception. Departmental awards may be used the same semester as the sophomore scholarship. Outside agency scholarships may be used in the same term/semester as an LDS Business College award.

5. Students must adhere to all policies and standards of LDS Business College and remain in good academic standing. Students whose grade point average falls below 3.0 will automatically lose their scholarship privilege.

6.Students may defer scholarship awards for missionary service, service in the armed forces, or other extreme cases the Scholarship Committee deems relevant. The deferment application form, available from the Admissions Office, must be completed and returned to the Admissions Office. Students who wish to apply for a scholarship deferment must do so at the time of award notification.

Students may not deviate from established scholarship policies except when granted by the Scholarship Committee through an appeals process.