Financial Aid Refunds
Financial Aid and Scholarship Disbursement (FASD)
Excess financial aid will be electronically transferred to your designated bank account.
Direct Deposit into your bank account:
Students may sign up for Direct Deposit through Enroll & Pay by selecting the Student Financials tile and then clicking the Direct Deposit link form the left-hand menu. Or, a Direct Deposit Authorization Form (pdf) may be filled out and brought to Student Accounts and Receivables. Once you have submitted the form, any excess financial aid and other credit balances will be electronically transferred to your designated bank account each semester. If you change bank accounts, you must update your bank information online or with a new Direct Deposit form. Parents who are securing a Parent PLUS Loan may also enroll in direct deposit by filling out the Direct Deposit Authorization for Parent PLUS Loan Form.
Note: Students and Parents who do not personally deliver the form to Student Accounts and Receivables must have the form notarized by someone other than a family member.
Student Financial Aid Recipients have the right to cancel all or part of student and/or parent loans within 14 days of disbursement. To cancel loan funds, you must submit a written request to Financial Aid & Scholarship, specifying which loan(s) to cancel and/or reduce. You may have financial responsibility to the University for funds returned. Please contact Financial Aid & Scholarship through the following means:
- In offices located at the KU Visitor's Center, 1502 Iowa Street
- By mail at 1502 Iowa Street, Lawrence, KS 66045
- By email at financialaid@ku.edu
- By phone at 785-864-4700
