LDSBC Financial Aid Guide

LDSBC Scholarships

LDS Business College offers scholarships and awards based on academic excellence, superior business aptitude, leadership qualities, program selection, missionary service and need. These awards range from $300 to $3,000+ per academic year. Students must first fulfill all admission requirements and be enrolled full-time (12 or more credits).

You may apply now for fall scholarship awards for the 2015-2016 aid year.

 

RETURNED MISSIONARY - LEGRAND RICHARDS SERVICE SCHOLARSHIP

Priority* Deadline: April 1, August 1, December 1

*Priority will be given to those who meet the deadline.  However, if funding is available, applications will be taken through the tuition payment deadline of the current semester. 

Award Amount: Half-tuition for one semester.

Eligibility Requirements:  For returned missionaries who apply and attend within one year of their honorabe release date. For additional requirements/policies click here.

How to Apply: Apply online through MyBC.  See step by step instructions.

FRESHMAN SCHOLARSHIP

Deadline: March 1

Award Amount: Quarter to full-tuition for first two semesters.

Eligibility Requirements: For incoming Freshmen without previous college experience and who have taken and submitted the ACT or SAT. International students may be considered if their academic record includes an SAT or ACT score, graduated high school in the USA and a detailed credit evaluation report from IERF. For additional requirements/policies click here.

How to Apply: Submit Parts 1-7of the Application for Admission and Scholarships, transcript, ACT or SAT score, and pay $35 application fee. Check the Freshman Scholarship box on Part 2 of the Online Application.

NEED BASED (Application for Financial Assistance)

Priority* Deadline: Tuition deadline of each semester.
*Priority will be given to those who meet the deadline.  However, if funding is available, applications will be taken through the tuition payment deadline of the current semester.
Award Amount: Half-tuition for one semester.
Eligibility Requirements: For students in their third semester (or second if no LDS Business College scholarship has been previously received) who experience an unexpected change in their financial situation. For additional requirements/policies click here.
How to Apply: Apply online through MyBC. See step by step instructions.  International students must also submit a sponsor verification request. Sponsor Verification Form

EVENING COLLEGE DISCOUNT

Priority* Deadline: Two weeks before the beginning of any semester
*Priority will be given to those who meet the deadline.  However, if funding is available, applications will be taken through the tuition payment deadline of the current semester. 
Award Amount: The current discount is $500 for one semester. Can receive more than once.
Eligibility Requirements: For full-time students who enroll only in evening classes (classes beginning at 4 p.m. or later). For additional requirements/policies click here.
How to Apply: Apply online through MyBC.  See step by step instructions.

HINCKLEY SCHOLARSHIP

Deadline: April 1, August 1, December 1
Award Amount: Current award is $1,150
Eligibility Requirements: This scholarship, endowed by the family of Gordon B. Hinckley, is for continuing students based on scholastic record and an essay representing the applicant's experiences with the College's cultural beliefs. Other requirements are included on the application. For additional requirements/policies click here.
How to Apply: Apply online through MyBC.  See step by step instructions.

PROGRAM-SPECIFIC AND OTHER SCHOLARSHIPS

The College provides scholarship funds for students in a variety of circumstances. Contact the Scholarship Office at This email address is being protected from spambots. You need JavaScript enabled to view it. or (801) 524-8111 or your program director for information.

SOPHOMORE SCHOLARSHIP

Priority* Deadline: April 1, August 1 and December 1
*Priority will be given to those who meet the deadline.  However, if funding is available, applications will be taken through the tuition payment deadline of the current semester. 
Award Amount: $300-$1,000 for one semester. Can receive more than once.
Eligibility Requirements: For continuing students based competitively on college scholastic record. Other requirements are included on the application. For additional requirements/policies click here.
How to Apply: Apply online through MyBC.  See step by step instructions.

STELLA HARRIS OAKS HORIZON OF HOPE FOR SINGLE PARENTS

Priority* Deadline: April 1, August 1 or December 1 (Must also apply for admission to LDS Business College)
*Priority will be given to those who meet the deadline.  However, if funding is available, applications will be taken through the tuition payment deadline of the current semester. 
Award Amount: Full-tuition plus a little extra for books until graduation or youngest child turns 18.
Eligibility Requirements: For students at LDS Business College who are single parents with a dependent child in the home. International applicants are not eligible their first two semesters as their available financial resources must be documented to the U.S. government prior to arriving in the U.S. For additional requirements/policies click here.
How to Apply: [Printable Application]. Return completed application to the scholarships office at LDSBC.

TRANSFER SCHOLARSHIP

Deadline: Last day of graduation semester; last day of OPT for international students
Award Amount: $1,000
Eligibility Requirements: For graduating LDS Business College students who plan to transfer to a four-year university. Students must apply by their LDS Business College graduation date and provide an acceptance letter from the transfer institution. Other requirements are included on the application. For additional requirements/policies click here.
How to Apply: Apply online through MyBC.  See step by step instructions.

 

IMPORTANT TAX INFORMATION

Under the Tax Reform Act of 1996 any funds received by students from scholarships, benefits, fellowships and grants from LDS Business College or any other source, which combined exceed the cost of tuition, fees, books, and required equipment and supplies, are considered taxable income. Taxable income may include grants and scholarships but not federal loans (see IRS publication 520).

Since students are required to report to the Internal Revenue Service scholarship and grant income above the cost of tuition and books, it is vital for students to keep detailed records (including cancelled checks and/or receipts) of all expenditures for tuition, fees, books, and required equipment and supplies.

Due to the new federal Hope Scholarship, which is a federal tax credit, the institution is required to report certain tuition, scholarship, grant and other information to students and to the IRS on form 1098T. Questions regarding the Hope Scholarship and the Lifetime Learning Credit can be obtained from the Accounting Office.

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