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
Direct Deposit Policy
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!