Student Accounts Receivable

Financial Aid Payments to Your Account

Most grants, scholarships and loans are applied directly to your account by the financial aid office. Graduate assistance benefits are also applied directly to your account. If your financial aid has not paid to your account or does not cover 100% of your tuition and fees, a billing statement will be sent to your email account. If your financial aid or Graduate assistance benefits pay your bill in full and there is money remaining on your account, you are entitled to a refund.

CREDIT BALANCE CHECK DISBURSEMENT

A credit balance in your student account is created when you have excess financial aid remaining after all eligible charges on your account are paid in full. This occurs when your financial aid amounts exceed the total amount of tuition and fees billed to your student account. In this case, a credit balance check would be produced in the amount of the excess funds and mailed to the current mailing address listed on your University record.

If you drop or withdraw from classes, your financial aid may be adjusted and you may owe some or all of your credit balance refund back to the University.

DIRECT DEPOSIT OPTION

To receive your credit balance refund checks more quickly, sign up for direct deposit to your bank checking or savings account. You can learn more about direct deposit and sign up for direct deposit on the web at Direct Deposit.

Once your authorization has been processed, all credit balance funds will be automatically transferred into your designated checking or savings account within 48 hours of processing the credit balance from your student account. Be sure to confirm with your bank that your funds are available in your checking account before you begin to write checks, pay bills or withdraw money.

Both you and the university benefit, when using direct deposit. For you, no more waiting for the check in the mail or waiting in line to pick up a check. You will have quick access to your credit balance funds without having to worry about lost mail. The University benefits by easier processing, reduced costs, and greater security.