2008 Woodie Awards
E-refund system booms this semester, average student receives over $2,000
Thomas Fulcher
Issue date: 1/23/07 Section: Campus News
- Page 1 of 1
As the spring semester starts up and students start back paying the bills again, many of us are depending on those refund checks from the university.
You will all be pleased to know there is an easy e-refund system set up to cut down on the time you spend driving to the school and the bank and waiting in those lines.
The e-refund system started up in Spring 2006 with only 30 electronic funds being processed. In the fall, there were 739 refunds given out through it; and so far this semester there have been over 950 transactions using the system, accounting for about 40 percent of the total dollar amount refunded.
It's not hard to see that the popularity of e-refunds is becoming more and more popular.
"The e-refund system saves students and staff time and money," says Marsha Mitchell, bursar in the Office of Business Affairs. When asked how the system is working she said it is "working very well. We are pleased with the results and have not had any problems. Many students are enjoying the convenience of the e-refund system, and the lines of students waiting to pick up refund checks have been reduced."
The average student will receive approximately $2,200 on their refund this semester; this is up a hundred from the fall semester. It is estimated that a total of $7 million in refunds will be given back this spring. Imagine how much trouble handing out that many checks would be.
"Staff who usually serve students picking up refund checks are free to help students in other ways," says Mitchell.
With the new system in place, all students have to do is log onto Banner and sign up for the e-Refunds account by entering their banking information and checking the refund box. Then the student is set up for all their future refunds to be directly deposited as well, which is a major cut down on all the hassle students had to go through in the past.
Both the new and the old way take about the same amount of time to process. The big difference is that you do not have to spend your day running around moving money into your account.
With the new e-refund system, it is all done for you quickly and easily.
You will all be pleased to know there is an easy e-refund system set up to cut down on the time you spend driving to the school and the bank and waiting in those lines.
The e-refund system started up in Spring 2006 with only 30 electronic funds being processed. In the fall, there were 739 refunds given out through it; and so far this semester there have been over 950 transactions using the system, accounting for about 40 percent of the total dollar amount refunded.
It's not hard to see that the popularity of e-refunds is becoming more and more popular.
"The e-refund system saves students and staff time and money," says Marsha Mitchell, bursar in the Office of Business Affairs. When asked how the system is working she said it is "working very well. We are pleased with the results and have not had any problems. Many students are enjoying the convenience of the e-refund system, and the lines of students waiting to pick up refund checks have been reduced."
The average student will receive approximately $2,200 on their refund this semester; this is up a hundred from the fall semester. It is estimated that a total of $7 million in refunds will be given back this spring. Imagine how much trouble handing out that many checks would be.
"Staff who usually serve students picking up refund checks are free to help students in other ways," says Mitchell.
With the new system in place, all students have to do is log onto Banner and sign up for the e-Refunds account by entering their banking information and checking the refund box. Then the student is set up for all their future refunds to be directly deposited as well, which is a major cut down on all the hassle students had to go through in the past.
Both the new and the old way take about the same amount of time to process. The big difference is that you do not have to spend your day running around moving money into your account.
With the new e-refund system, it is all done for you quickly and easily.
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