LU Policy Number: SS.011

Effective Date: 7/1/2010

Approval Date: 7/1/2010

Revised Date: 8/16/2022

Revision Approval Date: 09/15/22

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 Affairs

Definitions: N/A

Policy Title

Direct Deposit Policy

Policy Statement

Life University requires all students to set up direct deposit from their checking or savings account. All financial aid living expense monies (financial aid that exceeds coverage of tuition, fees, housing or meal plans) are processed weekly. Living expense monies will be deposited directly into your bank account, you can expect those funds within 48 hours of processing depending on your bank.

Students will be responsible for managing all bank account information via EagleNet.

Procedure(s)