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Student Refunds

Electronic payment solutions for student financial aid & tuition refunds

Academic institutions can significantly impact their budgets and streamline operations by converting paper checks to more cost-effective electronic alternatives.

Academic institutions can positively impact their budgets and streamline operations by migrating from paper checks to more cost-effective electronic alternatives. Citi offers a solution specific to Financial Aid and tuition refund disbursements that helps Colleges and Universities to expediently deliver funds with less administrative effort, while ensuring compliance with Title IV and other legislation. Our Student Choices solution eliminates the need for institutions to collect and manage student bank account information, yet offers students the freedom of selecting how they receive their funds: via prepaid card, direct deposit to a bank account, or paper check. The transition to electronic payments produces efficiencies for administration while delivering the benefits of flexibility, convenience and control to students.

Citi Prepaid offers additional payment solutions within academic institutions: Research Study, Payroll & Pension.

To learn more visit citiprepaid.com

Key Benefits

  • Expediently distributes all funds using one process
  • Delivers all payments in accordance with Title IV and other legislation
  • Reduces risk of undelivered checks due to outdated home mailing addresses
  • Eliminates need to manage students' bank account information
  • Allows loading of each semester's refund/work-study payments to one prepaid card account
  • Offers students the freedom to select how they access funds
  • Does not require a student bank account
  • Student customer service is available 24/7
  • FDIC insurance