LDSBC Financial Aid Guide

Financial Aid Policies

Student Consumer Information

Financial Aid Information

  • Need-based and non-need based state and local aid programs
  • Loan repayment and exit counseling
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Satisfactory Academic Progress

A student receiving financial aid (grants and/or loans) must maintain satisfactory academic progress (SAP).

Cumulative Grade Point Average (CGPA)

A student on financial aid must maintain a minimum 2.0 CGPA in order to continue receiving financial aid. This is reviewed at the end of each semester. Transfer credit does not count toward the CGPA.

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Tuition Refund Policy

Beginning with the Fall 2014 semester, a new LDSBC refund policy will go into effect.

Tuition refunds will only be given as follows:

  1. Classes dropped up to the Tuition Deadline (the second Friday after school begins). Students can drop classes at any point up to the Add/Drop date. A full tuition refund will be given for classes dropped up to the Tuition Deadline. NO REFUND will be given for dropped classes after the Tuition Deadline unless the student officially withdraws from LDS Business College (see below).
  2. Complete withdrawal from school. When a student withdraws from LDS Business College after the tuition deadline, a pro-rated refund can be given by request until 60% of the term or semester has passed. There will be NO REFUND given when a student withdraws from school after 60% of the term or semester has elapsed.
  3. Exceptions to the Tuition Refund Policy. LDS Business College recognizes that there may be situations beyond a student's control where an exception to the above policy may be warranted. The following exceptions will be reviewed on a case-by-case basis to determine whether the situation merits an exception:
    1. Death of the student;
    2. Death of an immediate family member where continuing school is impractical;
    3. Medical condition requiring extended medical care where continuing school is impractical;
    4. Acceptance of a qualifying internship.
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Official and Unofficial Withdrawals

Students receiving financial aid or scholarships should check with the Financial Aid Office before withdrawing or dropping any classes after the semester has begun. Never just stop attending classes.

Partial Withdrawals

Partial withdrawals are when a student withdraws from one or more classes (but not all classes) during a semester. Classes dropped during the first week of classes will not show on the student’s transcript. Students who withdraw after the first week may receive a “W” which will show on the student’s transcript and will impact the student’s aggregate completion rate (see Satisfactory Academic Progress for more information). Students wishing to drop or withdraw from a class must notify the Registration Office.

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Scholarship Policies

  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 Session. Specific amounts are assigned to each semester/session and may not be exceeded. ...

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Marriage and Federal Financial Aid

Anticipating marriage in the coming school year?

Beginning with the 2012-13 school year, students now have the ability to change their marital status on the FAFSA if your marital status changes before April 11, 2013. We strongly advise you to consider your options carefully before filing your FAFSA or making any changes. If you have any questions, please contact us by calling 801-524-8111.

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Financial Aid Code of Conduct

The Higher Education Opportunity Act regulates the conditions under which educational institutions may participate in Title IV programs. Under HEOA 487(a)(25) participating educational institutions are required to develop and comply with a code of conduct prohibiting conflicts of interest involving its financial aid personnel. In compliance with federal law, LDS Business College’s officers, employees and agents are required to comply with the provisions of this code of conduct and avoid real or perceived conflicts of interest.

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Nonpayment Policy

Tuition and the health plan must be paid in full by the tuition and health plan payment deadline (see academic calendar for deadlines). Failure to pay the full amount or arrange other financial support with the College will result in a late fee of 10% of the amount due, plus18% interest per annum. Additionally, a hold will be placed on the student account, which will block the account from any activity (registering for future semesters, requesting grades or transcripts, etc.). This hold will remain on the account until the balance is paid in full.

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