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

General Information

  • School Accreditation
  • Disability Accommodations
  • The Degree Programs,Training, and Other Education Offered at LDSBC
  • School Facilities
  • List of Faculty, Adjunct Faculty, Staff, and Administrators
  • Federal Education Loan Deferments
  • Transfer Credit Criteria
  • Student Body Diversity
  • LDSBC Graduates and Job Placement
  • Graduate and Professional Education
  • Retention Rates
  • LDSBC Vaccination Policy
  • Copyright Policies
  • ISBN and Textbook Information

Preventing Drug and Alcohol Abuse Information

  • Drugs and alcohol standard of conduct
  • 2016 LDSBC Salt Lake City Campus Clery Report:
    • Local, state, and federal laws for unlawful possession, use,or distribution of illicit drugs and alcohol
    • Available drug and alcohol counseling,treatment,or rehabilitation programs
    • Health risks associated with the use of illicit drugs and alcohol
    • Standard of conduct: Expulsion, termination of employment, and referral for prosecution

Campus Security Information and Fire Safety Information:

  • 2016 LDSBC Salt Lake City Campus Clery Report

Right-To-Know Information

  • Completion or graduation rates for general student body

Other Important Information

  • Family Education Rights and Privacy Act (FERPA)
  • Health Insurance Portability and Accountability Act (HIPPA/HIPAA)
  • Information security requirements established by the Federal Trade Commission (FTC) for financial institutions
  • Voter Registration Information
  • Availability of employees for information dissemination
    • For information, please contact:
      Financial Aid Office
      (801) 524-8111

      LDS Business College
      Financial Aid Office
      95 North 300 West
      Salt Lake City, UT 84101
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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 Semester. Specific amounts are assigned to each semester and may not be exceeded. ...

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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.

Pace (Aggregate Completion Rate)

Pace is a measure of a student's progress toward graduation. A student on financial aid must complete at least 67% of all credits attempted at LDS Business College. The calculation is done by dividing total credits completed by the total credits attempted (this includes remedial coursework).

Total credits completed include courses with a grade of A-D & P and transfer credits accepted by the College. Incomplete credits are classes with grades of E, I, UW, W, X, NC, and blank grades. Audited courses (V grade) are not used in this calculation. A repeated course may only be counted as completed once.

Total credits attempted include any courses displayed on the student’s academic transcript with grades showing as A through E, I, P, UW, W, X, blank grades, and transfer credits accepted by the College. Total credits attempted includes each attempt of classes taken more than once.

Maximum Time Frame to Earn a Degree

A student must complete a degree within 150% of the number of credit hours required for the degree or certificate being sought. Please refer to the list of maximum hours by major to see at what point you would hit the 150% mark. Transfer courses accepted by LDS Business College count in this calculation.

Financial Aid Warning

Students who do not meet SAP standards for the first time may be placed on Financial Aid warning for one semester. During this semester the student may still receive financial aid. A student will be placed on warning when:

  • The CGPA falls below 2.0 (but is still above 1.0) the first time.
    • The student must have a 2.0 CGPA by the end of the probationary term.
  • The Aggregate Completion Rate falls below 67%.
    • The student must have a completion rate above 67% by the end of the probationary term.

Financial Aid Disqualification

A student will be disqualified from receiving aid when:

    • He/she does not meet SAP requirements by the end of the warning semester.
    • The CGPA is below 1.0
    • He/she does not, or will not be able to complete a degree within 150% of the number of hours required for graduation.

Reinstatement of Aid and the Appeals Process

Aid may be reinstated by attending classes, without receiving financial aid, until the CGPA is above 2.0 and the completion rate is above 67%.

Students who are disqualified from receiving aid have the option to appeal the disqualification. Appeals may be submitted if the student had unusual circumstances that were beyond his/her control.

To appeal disqualification due to CGPA or Aggregate Completion Rate the student must submit:

    • The General Appeals Form
    • A letter from the student explaining the circumstances, and what has changed in his/her circumstances that will allow the student to meet SAP requirements by the next SAP evaluation (performed at the end of each semester).
    • Documentation to support the special circumstances detailed in the letter (if any).
    • If a student is unable to reach the 2.0 CGPA or the 67% Completion Rate in one semester, they will need to meet with an academic advisor to fill out this Academic Plan Form.
    • Additional information may be requested by the Financial Aid Office.

To appeal disqualification due to Maximum Time Frame to Earn a Degree the student must submit:

  • The General Appeals Form
  • The Maximum Time Frame Appeal Form.
  • A letter from the student that:
    • explains the student’s circumstances,
    • the anticipated graduation date,
    • how many more semesters and credits the student needs to graduate
  • The Maximum Time Frame Appeal Form is where your academic advisor shows your academic plan leading to graduation (expected graduation date, the courses you have left to take and when you plan to take them).
  • Any other supporting documentation (if any).

Appeals are reviewed on a case-by-case basis. Students whose appeal is approved will be placed on financial aid probation for one semester. The student must meet SAP requirements or the terms of their probation by the end of that semester to continue to receive financial aid at the college. If it is mathematically impossible to reach the SAP minimum standards by the end of the semester, the student will be required to complete an academic plan. 

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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.
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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.

Students who have a scholarship and drop below full time (below 12 credit hours) may be put on scholarship probation for a future semester. Students receiving financial aid (loans and grants) should check with the Financial Aid Office to determine how the withdrawal will impact his/her financial aid eligibility for the current and future semesters.

Total Withdrawals

Students who withdraw from all classes during a semester may be required to repay all or part of financial aid received for that semester. See Repayment of Federal Funds below.

Unofficial Withdrawals

Unofficial withdrawals are when a student stops attending all classes during a semester but never officially withdraws with the Registration Office. These students will receive E and/or UW grades – both of which are failing grades and will greatly impact the student’s cumulative GPA and aggregate completion rate. These students often lose financial aid eligibility for future semesters, and may have to repay aid already received for that semester. See Repayment of Federal Funds below for more information. Satisfactory Academic Progress details the conditions under which a student will lose eligibility to receive financial aid.

Repayment of Federal Funds (Return of Title IV)

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.  If the amount disbursed to the student is less than the amount the student earned, and for which the student is otherwise eligible, he or she is eligible to receive a post-withdrawal disbursement of the earned aid that was not received. This calculation is based on how far into the semester the student participated in their classes.

If the student doesn’t begin attendance in any classes, they will lose eligibility for the grant and/or loan. The College will use Brightspace records and communications from faculty to determine students' participation in class. The school must return any Direct Loan or Pell Grant funds that were applied to the student’s account. LDSBC reports to NSLDS (National Student Loan Data System) that the student will not or did not begin attendance.

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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.

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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 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.

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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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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. ...

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