LDSBC Financial Aid Guide

Expected Family Contribution and Cost of Attendance

Expected Family Contribution (EFC)

The Department of Education provides the following definition of the EFC:

The EFC is a measure of your family's financial strength and indicates how much of you and your family's financial resources (for dependent students) should be available to help pay for your education.  The EFC is calculated from the information you report on the FAFSA. (Funding Education Beyond High School 08-09, pg 5)

The EFC is used by the Financial Aid Office to determine the type of aid a student is eligible to receive.  This does not mean the family is required to pay the College that amount prior to the student receiving aid.  If the student is a dependent student, the EFC is calculated from the student’s and parents’ FAFSA information.  If the student is independent, the EFC is calculated from the student’s (and spouse’s) FAFSA information.

Estimated Cost of Attendance (COA)

The COA is an estimate of what a student may spend while attending LDS Business College, based on where the student will live during the award year.  These costs are estimates and are not costs the student is required to pay the College (except tuition costs).  The COA (listed below) is based on two semesters of full-time attendance.  

2015-16 Estimated Cost of Attendance (Fall and Winter)

  LIVING OFF CAMPUS LIVING WITH PARENTS
LDS Tuition $3,160 $3,160
Non-LDS Tuition $6,320 $6,320
Books & Supplies $650 $650
Room & Board $5,582 $2,640
Transportation $1,274 $1,274
Personal Expenses $2,100 $2,100
Loan Fees $46 $46
LDS Total $12,812 $9,870
Non-LDS Total $15,972 $13,030

2016 Estimated Cost of Attendance (Summer)

  LIVING OFF CAMPUS LIVING WITH PARENTS
LDS Tuition $1,580 $1,580
Non-LDS Tuition $3,160 $3,160
Books & Supplies $325 $325
Room & Board $2,791 $1,320
Transportation $637 $637
Personal Expenses $1,050 $1,050
Loan Fees $23 $23
LDS Total $6,406 $4,935
Non-LDS Total $7,986 $6,515

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