LDS Business College Declines Federal Aid, Assists Students In Need
SALT LAKE CITY, Utah – LDS Business College has declined federal aid allocated to them from the CARES Act, saying they had enough private resources to assist students who have suffered financially due to the pandemic.
LDSBC issued a press release Monday explaining their decision.
“We are grateful for the concern the Department of Education has for students and institutions all of whom who have been impacted by COVID-19,” read the release. “While funds have been allocated to LDSBC under the CARES Act, the College did not apply for this support, nor has it requested or received any of these funds.”
The school admitted it is experiencing similar financial strain as other colleges, but officials said they believe private funding will allow them to meet the financial needs of the school and students without the federal money.
“We have informed the Department of Education of our decision so that it might reallocate resources to others,” the release said.
School leaders have been reaching out to students who have felt the economic pinch from the pandemic, helping them to apply for private funds made available through the college.
The school also thanked its sponsor, The Church of Jesus Christ of Latter-day Saints, for helping to keep tuition low, while giving students an “excellent education.”
“We will continue to look for opportunities throughout this pandemic to assist our students, who have always been our first priority,” the release continued.
The release did not say how much money the CARES Act Emergency Relief allocated for the LDS Business College.
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