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
What are the benefits?
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.
Can a direct deposit be made to any bank?
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.
How will I know when my funds have been deposited into my bank account?
Notifications will be sent to your university assigned e-mail.
When can I enroll?
You can enroll anytime during the semester. Please visit myUK and select "myInfo".
How do I enroll?
Online enrollment is available at myUK at the "myInfo" tab.
What should I do if I change banks or my account number changes?
Change your bank information at myUK at the "myInfo" tab.
How do I stop Direct Deposit?
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.
Department of Defense Refunds
Department of Defense Personnel using Tuition Assistance (TA) from their branch of service will have any unearned TA funds returned to their branch of service on a proportional basis through at least the 60 percent portion of the period for which the funds were provided. TA funds are earned proportionally during an enrollment period, with unearned funds returned to the respective branch of service based upon when a student stops attending (withdrawal from, dropping the course, or ceasing to attend). Refund calculations apply to any student who is attending this institution and withdrawals within 60% into the period of enrollment for which the student has received TA. Once a student has completed more than 60% of the period of enrollment, all of their assistance has been earned (by the school) and will be retained by the university. In the event that a service member must withdraw from a course due to deployment or activation, UK will work with the student to refund 100% of the TA to his or her branch of service provided proper documentation (military orders) is provided to the Department of Military Initiatives. For additional refund percentages and timelines students should refer to the applicable academic calendar published by the Registrar at www.uky.edu/registrar.