The 2016-17 School Year Forms Are Now Available!
Important note about form submissions:
You may send your forms to the financial aid office of the LDSBC in one of the following ways:
- Deliver in person - 2nd floor of the LDSBC
- Fax to 801-524-1900
- Dropbox across from offices #228 & 229 on the 2nd floor
To be eligible to receive Title IV aid (federal grants and/or loans), a student must complete the Free Application for Federal Student Aid (FAFSA) and meet the following criteria:
Federal Direct Stafford Loans
Stafford loans are offered through the Direct Loan program, which is administered by the Department of Education. Students applying for a Stafford loan must submit a Free Application for Federal Student Aid (FAFSA) and meet the General Eligibility and Satisfactory Academic Progress requirements for financial aid, and for more information on how to apply and the application process, you can read about the Financial Aid process. For a description of how the loan type and amount are determined please visit the General Eligibility Requirements page and review the section titled "Determining Financial Aid Eligibility."
Federal Pell Grant
The Federal Pell Grant is need-based. Eligibility for Pell is determined from the information provided on the FAFSA. The Pell Grant is not a loan, and therefore is not required to be paid back. Pell Grants are not available to students who have received a bachelor’s degree.
Your financial aid eligibility is based on your enrollment as of the Financial Aid census date. The census date is two business days after the add/drop deadline each semester. Your financial aid eligibility will be calculated using your enrollment on this date. Please note that any classes added after this date may not be included when determining your financial aid eligibility for the semester. Also, classes dropped or withdrawn before funds are disbursed may not be used in determining your eligibility for the semester.
Students who borrow a loan are required to pay back the full amount of the loan plus any accrued interest. There are several repayment options available to students to provide options for students to make their payments on time each month. Failure to make payments can impact the student's credit and, if the loan goes into default, prevent the student from receiving further federal financial aid. This section is designed to assist students with the repayment process. Students who are having difficulty making their payments must contact their servicer immediately.
The PLUS loan is a federal loan available to parents of dependent students to help pay for the student's education expenses. To be eligible for a PLUS loan:
A student who wishes to borrow additional funds has the option to borrow directly from a bank. We strongly encourage students to complete the FAFSA and find out their eligibility for grants and/or Stafford Loans before applying for an alternative student loan. These loans are not federal student loans, so alternative student loan terms will vary from lender to lender. For more information on alternative loans, please visit FASTChoice.