LDSBC Financial Aid Guide

Scholarships

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).

The Fall 2017 scholarship applications will be available at the end of June . You must be registered full-time to apply. Please log in to your MyBC page to see what scholarships you are eligible to apply for.

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 first day of classes 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 honorable 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: 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 first day of classes 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. 

EVENING 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 first day of classes of the current semester.  Award Amount: The current amount 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. Student must have already completed a minimum of 30 credits prior to the scholarship deadline. A minimum 3.2 cumulative GPA is required to apply. 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.

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 first day of classes 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. Students need to complete a minimum of 28 credits prior to the semester in which they are applying for the scholarship. Minimum 3.6 cumulative GPA required to receive the scholarship. 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

Deadline: First day of class for each semester (Must also apply for admission to LDS Business College) Award Amount: Covers full member-rate tuition or half nonmember-rate 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 Scholarship Office on the 2nd floor at LDSBC. Bishop's Letter form.

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.

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. 

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Outside Scholarships

Outside Scholarships are scholarships which are offered by agencies other than LDS Business College. Applying for outside scholarships, in addition to federal financial aid and scholarships from the College, gives students the opportunity to maximize their potential for financial assistance while attending college. LDS Business College encourages students to explore all avenues of financial assistance as they plan for and attend college.

It is the responsibility of the students to use their best judgment when applying for scholarships. LDS Business College does not guarantee that the scholarship search engines or other scholarship sites are legitimate. To report concerns regarding any of these sites, please email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 801-524-8111.

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Thank You Letter Instructions

Submit the Thank you letter

**IMPORTANT NOTICE: If you are logged into any email that is not your LDSBC email, even if the email is not open, this link will not work. You must log out of all your other emails before the link will work.

Click this link to submit your scholarship letter: Scholarship Thank You Letter Form**

WHERE SCHOLARSHIP FUNDS COME FROM:

It will benefit you to know that most of the scholarships offered at LDS Business College do not come from large corporations or wealthy foundations. They don’t come from government funds or even from LDS Business College itself in most cases. The majority of the time, scholarship funds come from hard working families or individuals, many of whom got an education at great personal sacrifice, and saved and worked over a lifetime. Many of them never thought they would be in a position to make such a gift. But over long years of saving and work, or sometimes because of a tragedy in their life, or something hard that they have overcome, they want to sacrifice and give to likewise help someone else in a time of need. We invite you to write your thank you letter with this in mind. You have a great opportunity now to help someone know how their life and sacrifices will help to make a difference in your life.

Letter Deadline:

Please send the letter as soon as possible, as a gesture of gratitude to your donor. Please include your student ID number in the thank you letter or email. Your scholarship will not be applied to your tuition account until your letter is received by the scholarship office.

If you have further questions about the letter, contact the scholarship office at This email address is being protected from spambots. You need JavaScript enabled to view it..

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