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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.

Student Refund Recipients:

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

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 Accounts & Receivables website.

Contact: 
Financial Services - Student Accounts & Receivables
stu.account@ku.edu
785-864-3322
Approved by: 
Controller
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
Change History: 

02/17/2023: Updated contact section.
09/20/2022: Updated policy to align with current direct deposit processes.
04/15/2021: Updated Contact, Approver, and owning unit sections from Comptroller to FInancial Services.
06/27/2019: Updated contact section. 
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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