An overpayment of charges will result in a credit balance on the student account.
Credit balances that are refundable are processed two to three times weekly and deposited electronically into the students bank checking account.
Students paying by personal check must wait thirty days after the payment has been posted to the account before a refund is processed.
Students are responsible for ensuring the accuracy of routing and
banking account numbers to avoid delays in receiving their funds.
To enroll or to make changes, visit myUK.
Direct Deposit FAQ
Funds are deposited in your bank account about 2 business days after the direct deposit entry appears on your student account. The processing time varies by banking institution. Benefits include: eliminating of mailing time, address issues and checking theft.
The University can direct deposit to any U.S. financial institution with electronic funds transfer capabilities. Most banks participate in the electronic funds transfer network. Contact your bank if you have any questions about the bank's ability to accept direct deposit.
Notifications will be sent to your university assigned e-mail.
You can enroll anytime during the semester. Please visit myUK and select "myInfo".
Online enrollment is available at myUK at the "myInfo" tab.
Change your bank information at myUK at the "myInfo" tab.
Remove your bank information at myUK at the "myInfo" tab.
Official Fee Refund and Liability/Reassessment
A priority registered student who withdraws from the University by officially canceling his or her registration via UK-VIP or in writing through the Registrar's Office before the first day of classes as designated in the official University calendar or who withdraws from a course before classes start is entitled to a full refund of registration fees paid or to cancellation of the amount owed for the term.*
From the first day of classes through the last day to add a class as designated in the official University calendar, a student who OFFICIALLY WITHDRAWS from the University through the Registrar's Office or from a course is entitled to a refund of 80 percent of the registration fees paid or cancellation of 80 percent of the amount owed for the term, whether or not he or she has attended the class(es).*
After the last day to add a class through the end of the fourth week, as designated in the official University calendar, a student who OFFICIALLY WITHDRAWS from the University in Student Records, 10 Funkhouser, or from a course using UK-VIP is entitled to a refund of one-half the registration fees paid or cancellation of one-half the amount owed for the term.*
No registration fees will be refunded to students who withdraw for urgent, nonacademic reasons after the end of the fourth week as designated in the official University calendar.
As required under section 484B of the Higher Education Act (HEA), to assure recovery of federal financial aid funds, a special refund schedule applies to those students receiving Title IV financial assistance who officially withdraw during their first term of enrollment.
*Students who withdraw from a course will be entitled to a refund only if it changes their status from full-time to part-time or further reduces their part-time status.