All items on the form need to be completed to ensure same day transfer directly to a learner's bank account. Learners must call their banks to verify the ABA routing number. The number printed on personal checks may not be the routing number for wires. There may be an incoming wire fee at the learner's bank. Title IV funds in excess of tuition and fees are automatically refunded from learner accounts, unless holding them has been authorized per above.
Learners can receive their refunds more quickly if the refund is requested.
All excess Title IV funds on learner accounts are cleared in June of each year. Learners are sent refund checks even if a learner has authorized The Union Institute to hold the credit balance. The university sends a letter explaining these refunds with the check. When an automatic refund check endorsed as above is returned, the funds become personal cash and are exempted from the automatic refund cycle. The Business Office serves and will assist whenever possible all constituents of The Union Institute.