Financial Aid Refunds


Refunds for financial aid recipients who withdraw (drop all classes) may be applied first to any aid programs from which the student received aid. Excess financial aid will be electronically transferred to your designated bank account.

Direct Deposit Information

Students can sign up for direct deposit through Enroll & Pay by selecting the Student Financials tile and then selecting the Direct Deposit link form the left-hand menu (see step-by-step directions below).

After authorizing direct deposit, 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 Authorization 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 (pdf).

    Direct Deposit Instructions

    1. Log into Enroll & Pay
    2. Select the Student Financials tile
    3. Click on Direct Deposit
    4. Click the Enroll in Direct Deposit button
    5. Enter bank routing number, account holder’s name, and back account number. Be sure to enter a bank account number. Do not enter a 16-digit number from your debit card
    6. Select Checking or Savings
    7. Read the agreement information
    8. Press the Submit button at the bottom of the page
    1. Log into Enroll & Pay
    2. Select the Student Financials tile
    3. Click on Direct Deposit
    4. Verify the bank name and click the arrow to the right of the masked bank account number
    5. For security purposes, verify and enter the bank account number for the previously set up direct deposit information. Please note that this will be a bank account number, not a 16-digit number from your debit card
    6. Click the Enter button
    7. From here you will be able to update your direct deposit information. Please enter a bank account number. Do not a 16-digit number from your debit card
    8. Click the Submit button at the bottom of the page

    Student Loans

    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 & Scholarships, 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:

    1. In offices located at the KU Visitor's Center, 1502 Iowa Street
    2. By mail at Financial Aid & Scholarships, 1502 Iowa Street, Lawrence, KS 66045

    for more information, contact the Financial Aid & Scholarships Office at financialaid@ku.edu or 785-864-4700.