|Responsible Unit||Office of Student Accounts and Accounting Services|
|Responsible Cabinet Member||VP for Administration and Finance|
|Adoption Date||August 2011|
|Last Revision Date|
|Last Review Date|
Information regarding refunding student account overpayment(s) and the direct deposit option.
There are no definitions for this policy at this time.
Student account (overpayment) credit balances cannot be “carried” from semester to semester. All outstanding credit balances will be returned to a student in the form of a refund check.* With the exception of Parent/PLUS loans*, any credit balance will be refunded to the student regardless of who remitted the payment to the student account (e.g. parent, grandparent).
Students are encouraged to select the “direct deposit option wherein tuition overpayment refunds will be deposited directly into the student’s personal bank account allowing them to access funds in the most efficient manner (note: student must be listed as the owner or co-owner of the bank account).
*If a Parent PLUS Loan overpays a student’s account, the refund check will be issued in the PLUS Loan borrower’s name unless the borrower requests otherwise. Parents who borrow PLUS loans are not eligible to participate in the direct deposit refunding option. Any overpayment will be returned to a parent in the form of a check.
To enroll in refund direct deposit:Students should log into Web Banner, select the “Student Services” tab, then the “Student Accounts” option, and click on “Refunds”. From there, simply follow the instructions to securely enter your bank account and other relevant information, review the completed form for accuracy and click on the “Confirm” button.
IMPORTANT NOTE: QuikPAY direct deposit only affects tuition overpayment refunds generated from your Brockport student account. It does not affect any existing payroll information relevant to College or other state agency employment.
Links to Related Procedures and Information
There is no contact information for this policy at this time.
History (in descending order)
This section is for Policy History
There may be as many rows in the table below the grey instructions as needed. You may append rows to the table as needed below the grey instructions, but if you do not want to display any policy history, don’t delete the blank line below the grey instructions, just delete the contents of the row.
IMPORTANT: do not change anything in the grey cells or delete them!
Please indicate the significance of the date given.
Enter the date in the cell below. If there is no row, insert a row below this one.
Enter any further notes in the cell below.
|Next Review Date||August 2014||Three-year review|
|Adoption Date||August 2011||Policy Adopted|
There are no approvals for this policy at this time.