Direct Deposit Policy SS.011

LU Policy Number: SS.011

Effective Date: 7/1/2010

Approval Date: 7/1/2010

Revised Date: 8/7/17

Purpose:  Payment of student living expense funds by the University

Additional Authority: N/A

Scope: All Students (COC&CGUS) of Life University

Approval Authority: EVP Finance

Responsible Authority: Student Services

Definitions: N/A

Policy Title

Direct Deposit Policy

Policy Statement

Life University requires all students to set up direct deposit from their checking account. All financial aid living expense monies (financial aid that exceeds coverage of tuition and fees) are processed weekly. These living expense monies will be deposited directly into your bank account within 48 hours of processing.

Students will be responsible for managing all bank account information via our new online portal, EagleNet. Our new electronic process is as easy as 1- 2- 3. You can now add, delete, or makes changes to your bank account information online!

Procedure(s)

N/A                

Other Notes

N/A