LDSBC Financial Aid Guide

Disbursement of Financial Aid

Census Date

Your financial aid eligibility is based on your enrollment as of the Financial Aid census date. Please click here to see the academic calendars showing the Financial Aid Determination Date "FAD"/ Financial aid census date. Your financial aid eligibility will be calculated using your enrollment on this date. Please note that any classes added after this date may not be included when determining your financial aid eligibility for the semester. Also, classes dropped or withdrawn before funds are disbursed may not be used in determining your eligibility for the semester.

Disbursements and Refund Checks

Disbursements for a semester begin approximately 3 business days prior to the first day of the semester, and continue throughout the semester for students whose aid is accepted later. Funds are first disbursed to the student's tuition account to pay the bill with the school. If a student has a credit balance from Title IV funds funds, a refund will be made to the student within 14 days. Most checks are available within 3-5 business days. Financial aid disbursements will be adjusted through the census date for students whose enrollment changes. 

Financial aid (grants and loans) will not be disbursed until the following requirements are met:

  • All To Do List items (Student Center) are complete.
  • You have accepted your financial aid awards.
  • Entrance Counseling is completed (loan only).
  • Master Promissory Note is signed (loan only).
  • You have not been disqualified due to Satisfactory Academic Progress requirements.
  • You are registered for classes.
  • Disbursements have begun for the semester (which begin approximately 3 business days prior to the start of the semester).

Tuition must be paid in full by the tuition deadline. If the student's financial aid award is not enough to cover the tuition bill in it's entirety, the student is responsible to pay the remaining balance by the tuition deadline. Failure to do so may result in late fees and/or classes being dropped. It is the student's responsibility to ensure tuition is paid on time. The Financial Aid Office is not responsible for late fees and/or classes being dropped for non-payment. Please contact the Financial Aid Office with any questions.

Paying the Tuition Bill

Financial aid funds are first applied to the student's tuition account where tuition and book charges are paid first. Financial aid can also pay health plan charges, library fines, etc. if the student has authorized this (see the Information Sheet). Any charges not paid by financial aid are the student’s responsibility. Any remaining funds will be made available to the student in the form of a check within 14 days of disbursement.

Books

Students receiving financial aid may use their own funds or their financial aid refund to purchase books since funds are disbursed approximately 3 business days before the first day of school.

Scholarship students who have scholarship funds for books may request a book account at the Financial Aid Office. The book account allows the student to purchase books at the Campus Bookstore using the student's scholarship funds.