by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Curious about the financial aid opportunities at LDS Business College and what you may be eligible for? Explore the answers here.
$2,467.00 is the typical LDS Business College’s first year financial aid package. Approximately 76% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at LDS Business College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
68% of first-year students (264 total) were offered scholarships at LDS Business College, averaging $1,428.00 per person. This puts it in the bottom 50th percentile among colleges and universities nationwide.
In addition to scholarships, 18% of first-year students (70 total) got federal grant aid, averaging $4,753.00 per person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.65% | $4,390.00 |
| Income 30k-48k | 0.77% | $3,528.00 |
| Income 48k-75k | 0.00% | $0.00 |
| Income 75k-110k | 0.26% | $500.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
76% of the 388 undergraduates at LDS Business College receive some sort of grant aid. This is a total of about 289 students getting an average of $2,467.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.