Financial Aid and Graduate Aid Refunds: Direct Deposits will settle seven days prior to the start of classes. Students will receive an email at their umail.ucsb.edu email for ALL checks. Upon response, they will be mailed to the address on the check unless otherwise indicated. The address on the checks will be the local mailing address as indicated in GOLD.
Direct Deposit of Refund Checks
You need to sign up for eRefunds if you wish refunds resulting from financial aid funds (scholarships, grants, and loans) disbursed through BARC to be made via the electronic deposit of funds directly to a personal checking account using eRefund (also commonly known as Direct Deposit).
What is eRefund?
eRefund is the electronic deposit of funds directly into your personal checking account. eRefund bypasses the traditional creation and processing of a paper check, and thereby allows you to have ACCESS TO YOUR MONEY FASTER.
eRefund also provides a higher level of security, as paper checks are subject to mail delays, loss and theft.
eRefund may be used with a CHECKING ACCOUNT at any bank or credit union located in the United States.
How do I Enroll in eRefund?
It’s easy! You can now sign up online.
On a regular basis during the quarter, refund disbursements for Financial Aid and Graduate Aid will be requested on Tuesdays and Fridays. eRefunds (Direct Deposits) will settle in student accounts within three to five business days.
Credit on Account
If you would prefer to not receive a refund check, and instead leave the credit on your account, please contact our office at firstname.lastname@example.org.
Lost or Stolen Checks
If you have not received a refund check and you believe it has been lost or stolen, you will need to fill out a Declaration of Lost Check (Stop Payment Form). You may complete this form and email it to our office at email@example.com.