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Direct Deposit Required for Lawrence Student Refunds

Policy
Purpose: 

Provide instructions for students and Parent PLUS loan recipients to receive refund payments through Direct Deposit

Applies to: 

All students and Parent PLUS loan recipients that receive refunds from the University

Campus: 
Lawrence
Policy Statement: 

The University of Kansas REQUIRES all students and Parent PLUS loan recipients to sign-up for direct deposit so refunds can be electronically deposited into personal checking or saving accounts with a bank. This allows students and Parent PLUS loan recipients to receive excess funds quickly and safely.

The bank information necessary to set-up direct deposit includes:

  • Bank routing number
  • Bank account number

This information may be found on the printed MICR line at the bottom of a check.

Each refund recipient is required to maintain accurate and viable account information for their direct deposit.

Direct deposit forms may be presented in person at Student Account Services or Financial Aid and Scholarships with photo verification.

Direct deposit forms that are not personally delivered to Student Account Services must be notarized.

Student Refund Recipients:

Students may choose to set-up direct deposit online through KU Enroll & Pay. Enter user id and password for Lawrence/Edwards Campus log in and select Campus finances.

Or students may choose to set-up direct deposit by completing the Direct Deposit Authorization form found on the Student Account Services website.

Parent Plus Loan Refund Recipients:

Parents receiving Parent Plus loans, may sign up for direct deposit by completing the Direct Deposit Authorization for Parent Plus Loan Proceeds form found on the Student Account Services website.

Contact: 

Student Account Services
785-864-3322
stu.account@ku.edu

Approved by: 
University Comptroller
Approved on: 
Friday, August 28, 2009
Effective on: 
Sunday, November 1, 2009
Review Cycle: 
Annual (As Needed)
Keywords: 
Checking, Saving, Direct Deposit, Direct Deposit Authorization, notarized
Review, Approval & Change History: 

03/23/2015: Updated to reflect current nomenclature for Student Account Services.

09/10/2012: Revised.

11/01/2009: Effective.

08/28/2009: Approved.

Financial Categories: 
Accounting
Disbursements
Student Financial Aid

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