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
...

more

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 Semester. Specific amounts are assigned to each semester and may not be exceeded. ...

    more

Satisfactory Academic Progress

A student receiving financial aid (grants and/or loans) must maintain Satisfactory Academic Progress (SAP). All periods of enrollment count toward Satisfactory Academic Progress (Fall, Winter, Summer), including periods when a student does not receive financial aid.

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.

...

more

Tuition Refund Policy

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.
...

more

Return of Title IV Funds/Withdrawals

Return of Title IV Funds (repayment of Federal Funds)

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.

If a recipient of Title IV grant or loan funds completely withdraws (either officially or unofficially) from the College after beginning attendance, the amount of Title IV grant or loan assistance earned by the student must be determined.  If the amount disbursed to the student is greater than the amount the student earned, the unearned funds must be returned. This calculation is based on how far into the semester the student participated in their classes. Financial aid funds are returned in the following order: Unsubsidized Loan, Subsidized Loan, Parent Plus Loan, and lastly Pell Grant. Any return of financial aid funds will be processed and returned to the Federal Government within 45 days.

...

more

Marriage and Federal Financial Aid

Anticipating marriage during the school year?

 For the 2016-17 school year, if your marital status changes before April 13, 2017, you can request a change to your marital status. 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.

...

more

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 tuition amount due. 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.

...

more

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.

...

more

Single Parent Scholarship Policies

Instructions: Please read carefully

  1. Students may use the scholarship award as indicated in the scholarship award letter. Bookstore supplies are necessary academic supplies but do not extend to expenditures for personal use not related to the classroom.
  2. Students must adhere to all policies and standards of LDS Business College and remain in good academic standing. Students whose cumulative grade point average falls below 2.0 may lose their scholarship privilege.
  3. Students receiving the Single Parent Scholarship should meet with the Single Parent Adviser (Holly Brinkerhoff) once a month each semester. (3 times)
  4. Students may not deviate from established scholarship policies except when granted by the Single Parent Scholarship Committee through an appeals process.
  5. Students must submit a thank you letter before scholarships will disburse and a checklist will be posted to the student's "To do list" until the letter has been received. 
...

more